Company: XAIR
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001493152-25-012867
Chunk: 6

Company: Beyond Air, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 6
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arrant Shares”), at an exercise price per share equal to $2.21 per share (as adjusted from time to time as provided in Section 9 herein, the “ Exercise Price”), upon surrender of this Warrant to Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement hereof, the “ Warrant”) at any time and from time to time on or September [*], 2025 (the “ Initial Exercise Date”) and on or prior to the five-year anniversary of the Initial Exercise Date (the “ Termination Date”) but not thereafter, and subject to the terms and conditions set forth herein. This Warrant is issued pursuant to that certain Warrant Exercise Agreement, dated as of September 8, 2025, by and between the Company and the Holder (the “ Exercise Agreement”).

1. Definitions. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Exercise Agreement. In addition to the other terms defined herein, the following terms are defined as follows:

(a) “ Affiliate” means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

(b) “ Attribution Parties” means, collectively, the following Persons and entities: (i) any direct or indirect Affiliates of the Holder, (ii) any Person acting or who reasonably could be deemed to be acting as a Group together with the Holder or any of the foregoing and (iii) any other Persons whose beneficial ownership of the Common Stock reasonably could be aggregated with the Holder’s and the other Attribution Parties for purposes of Section 13(d) or Section 16 of the Exchange Act. For clarity, the purpose of the foregoing is to subject collectively the Holder and all other Attribution Parties to the Maximum Percentage.

(c) “ Closing Sale Price” means, for any security as of any date, the last trade price for such security on the Principal Trading Market for such security, as reported by Bloomberg Financial Markets, or, if such Principal Trading Market begins to operate on an extended hours basis and does not designate the last trade price, then the last trade price of such security prior to 4:00 P.M., New York City time, as reported by Bloomberg Financial Markets, or if the foregoing do not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by