Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 65

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an
issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management,
including its principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow
timely decisions regarding required disclosure. Management recognizes that any controls and procedures, no matter how well designed and
operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating
the cost-benefit relationship of possible controls and procedures. Based upon our evaluation, our Chief Executive Officer and Chief Financial
Officer concluded that our disclosure controls and procedures were effective at the reasonable assurance level as of June 30, 2025.

Changes
in Internal Control Over Financial Reporting

During
the three months ended June 30, 2025, there were no changes made to our internal control over financial reporting that materially affected,
or that are reasonably likely to materially affect our internal control over financial reporting.

33

PART
II OTHER INFORMATION

ITEM
1. Legal Proceedings

None.

ITEM
1A. Risk Factors

There
have been no material changes to the risk factors previously disclosed in Part I, “Item 1A. Risk Factors” of our 2025 Annual
Report.

ITEM
2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

ITEM
3. Defaults Upon Senior Securities

None.

ITEM
4. Mine Safety Disclosures

Not
applicable.

ITEM
5. Other Information

Rule
10b5-1 Trading Arrangement

During
the three months ended June 30, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement”
or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

34

ITEM
6. Exhibits.

    Exhibit
    No.
     
    Description

    3.5
     
    Third Certificate of Amendment of the Amended and Restated Certificate of Incorporation, dated July 9, 2025, filed as Exhibit 3.1 to our Current Report on Form 8-K, as filed with the SEC on July 10, 2025, and incorporated herein by reference.

    31.1*
     
    Certification of Chief Executive Officer pursuant to Section 302 of the Sar