Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1864

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 7
Chunk 1864
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 a change of control provision that would automatically vest any unvested stock options if triggered.

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The
table below sets forth information with respect to the beneficial ownership of our common stock by each person known by us to beneficially
own more than 5.0% of any class of our voting securities together with:

    ●
    each
    of our directors;

    ●
    each
    of our named executive officers; and

    ●
    all
    of our directors and executive officers as a group.

The
percentages of common stock beneficially owned are reported on the basis of regulations of the SEC governing the determination of beneficial
ownership of securities. Except as indicated in the footnotes to this table, each beneficial owner named in the table below has sole
voting and sole investment power with respect to all shares beneficially owned. Percentage computations are based on 92,469,476
shares of our common stock outstanding as of June 16, 2025.

Under
the terms of the warrants issued by us to each of the 5% holders named below, Robert Carey and Steven Lisi, none of the aforementioned
may exercise a warrant to the extent such exercise would cause them, together with their affiliates and any other persons acting as a
group with them or any of their affiliates, to have acquired a number of shares of common stock which would exceed 9.99% of our then
outstanding common stock, excluding for purposes of such determination shares of common stock issuable upon exercise of warrants that
have not been exercised. We refer to the foregoing limitation as the “Ownership Cap.” The share numbers in the table below
do not reflect the Ownership Cap, but the figures contained in the “Percentage of Outstanding Shares” column reflect the
Ownership Cap.

96

    Name and Address of Beneficial Owner (1) 
    Number of Shares  
    Percentage of Outstanding Shares % (2) 
  
    5% Owners 

    Alyeska Master Fund, L.P. (3) 
     29,745,877(4) 
     9.99%
  
    Avenue Venture Opportunities Fund, L.P. (5) 
     13,619,587(6) 
     9.99%
  
    Atlas Diversified Master Fund, Ltd. (7) 
     12,290,913(