Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 814

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1A
Chunk 814
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 losses.

In addition, the stock market
in general, and the stocks of small-cap biotechnology companies in particular, have experienced extreme price and volume fluctuations
that have often been unrelated or disproportionate to the operating performance of these companies. Broad market and industry factors
may negatively affect the market price of our common stock, regardless of our actual operating performance. The realization of any of
the above risks or any of a broad range of other risks, including those described in these “Risk Factors,” could have a dramatic
and material adverse impact on the market price of our common stock.

69

Anti-takeover provisions in our
amended and restated certificate of incorporation and our amended and restated bylaws, as well as provisions of Delaware law, might discourage,
delay or prevent a change in control of the Company or changes in our Board of Directors or management and, therefore, depress the trading
price of our common stock.

Our amended and restated certificate
of incorporation, amended and restated bylaws and Delaware law contain provisions that may depress the market price of our common stock
by acting to discourage, delay or prevent a merger, acquisition or other change in control that stockholders may consider favorable, including
transactions in which you might otherwise receive a premium for your shares of our common stock. These provisions may also prevent or
frustrate attempts by our stockholders to replace or remove members of our Board of Directors or our management. Our corporate governance
documents include provisions:

    ●
    providing that directors may be removed by stockholders with or without cause;

    ●
    limiting the ability of our stockholders to call and bring business before special meetings and to take action by written consent in lieu of a meeting;

    ●
    requiring advance notice of stockholder proposals for business to be conducted at meetings of our stockholders and for nominations of candidates for election to our Board of Directors;

    ●
    authorizing blank check preferred stock, which could be issued with voting, liquidation, dividend and other rights superior to our common stock; and

    ●
    limiting the liability of, and providing indemnification to, our directors and officers.

As a Delaware corporation, we
are also subject to provisions of Delaware law, including Section 203 of the Delaware General Corporation Law, which limits the ability
of stockholders owning in excess of 15% of our outstanding voting stock from engaging in certain business combinations with us. Any provision
of our amended and restated certificate of incorporation, amended and restated by