Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1090

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1C
Chunk 1090
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 from investments
in marketable securities from net proceeds received from the purchase and sale of marketable securities of $6.5 million in the fiscal
year, and the purchase of property and equipment for $5.7 million.

81

Financing Activities

For the year ended March 31, 2025,
net cash provided by financing activities was $16.6 million, mainly from the issuance of securities through securities purchase agreements
which the net proceeds were $18.8 million, $11.3 million payment received on the loan agreement, and the issuance of common stock in connection
with an At-The-Market Offering Sales Agreement with Truist Securities, Inc. (the “2022 ATM”) of $0.7 million and $1.5 million
in connection with the 2025 ATM partially offset by $18.0 million from the payment of long- and short-term loans, including a $17.5 million
repayment to Avenue Capital. For the year ended March 31, 2024, net cash provided by financing activities was $43.2 million, mainly from
the Loan Agreement of which the net proceeds were $15.8 million, the issuance of common stock in connection with the 2022 ATM of $13.4
million, and the registered direct offering (the “Registered Offering”) pursuant to a securities purchase agreement dated
March 20, 2024 with Roth Capital Partners, LLC and Laidlaw & Company (UK) Ltd. of $14.6 million, the issuance of common
stock in connection with the exercise of options ($0.2 million) partially offset by $0.8 million from the payment of short-term loans.

ITEM 7A. Quantitative and Qualitative Disclosure
about Market Risk

We qualify as a smaller reporting
company, as defined by SEC Rule 229.10(f)(1) and are not required to provide the information required by this Item 7A.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY
DATA

The consolidated financial statements
together with the report of our independent registered public accounting firm, required to be filed pursuant to this Item 8 are appended
to this Annual Report. An index of those consolidated financial statements is found in Part IV, Item 15 of this Annual Report.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ON ACCOUNTING AND FINANCIAL DISCLOSURE

On December 17, 2024,