Company: XAIR
Filing Date: 2025-09-09
Form Type: 8-K
Source: 0001493152-25-012866
Chunk: 1

Company: Beyond Air, Inc.
Filing Date: 2025-09-09
Form: 8-K
Item: Item 1.01
Chunk 1
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law”) as the placement agent in connection with the transactions summarized
above and we have agreed to pay Laidlaw a fee equal to 6.5% of the aggregate gross proceeds received from the holder’s exercise
of their Existing Warrants. In addition, we have also agreed to reimburse Laidlaw up to $50,000 for its accountable legal expenses in
connection with the exercise of the Existing Warrants and the issuance of the New Warrants. The closing of the transactions described
above is expected to occur on September 9, 2025 (the “ Closing Date”), subject to satisfaction of customary closing conditions.
We expect to use the net proceeds from these transactions for general corporate purposes.

The
shares of our common stock underlying the Existing Warrants have been registered pursuant to an existing registration statement on Form
S-3, as amended (File No.: 333-282834) declared effective by the Securities and Exchange Commission (the “ SEC”) on November
26, 2024.

Pursuant
to the Inducement Letter, we also agreed to file a registration statement on Form S-3 providing for the resale of the common stock issuable
upon the exercise of the New Warrants (the “ Resale Registration Statement”), by September 29, 2025, and to use our best efforts
to have such Resale Registration Statement declared effective by the SEC as soon as practicable and to keep the Resale Registration Statement
effective at all times until no holder of the New Warrants owns any New Warrants or shares of common stock issuable on exercise of the
New Warrants.

The
forms of the New Warrants and Inducement Letter are filed as Exhibits 4.1 and 10.1, respectively, to this Current Report on Form 8-K
and are incorporated herein by reference. The foregoing description of the terms of the New Warrants, and Inducement Letter, is not intended
to be complete and is qualified in its entirety by reference to such exhibits. The Inducement Letter contains customary representations,
warranties and covenants by us which were made only for the purposes of such agreements and as of specific dates, were solely for the
benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties.

Item
3.02 Unregistered Sales of Equity Securities.