Company: XAIR
Filing Date: 2025-01-31
Form Type: S-3
Source: 0001493152-25-004488
Chunk: 13

Company: Beyond Air, Inc.
Filing Date: 2025-01-31
Form: S-3
Chunk 13
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 if all independent bids are lowered below the passive market maker’s bid, however, the passive market maker’s bid must then be lowered when certain purchase limits are exceeded. Passive market making may stabilize the market price of the securities at a level above that which might otherwise prevail in the open market and, if commenced, may be discontinued at any time.

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<div align='center'>GENERAL DESCRIPTION OF OUR SECURITIES</div>

We may offer and sell, at any time and from time to time:

| ● | shares of our common stock;                                  |
| ● | shares of our preferred                                      
 stock;                                                       |
| ● | warrants to purchase shares                                  
 of our common stock, preferred stock and/or debt securities; |
| ● | debt securities consisting                                   
 of debentures, notes or other evidences of indebtedness;     |
| ● | units consisting of a combination                            
 of the foregoing securities; or                              |
| ● | any combination of these                                     
 securities.                                                  |

The terms of any securities we offer will be determined at the time of sale. We may issue debt securities that are exchangeable for and/or convertible into common stock or any of the other securities that may be sold under this prospectus. When particular securities are offered by us, a supplement to this prospectus will be filed with the SEC, which will describe the terms of the offering and sale of the offered securities.

<div align='center'>DESCRIPTION OF OUR COMMON STOCK</div>

The following summary of the terms of our common stock is subject to and qualified in its entirety by reference to our certificate of incorporation and bylaws, copies of which are on file with the SEC as exhibits to previous filings with the SEC. Please refer to “Where You Can Find More Information” below for directions on obtaining these documents.

Our certificate of incorporation authorizes us to issue up to 510,000,000 shares, 500,000,000 of which is designated as common stock with a par value of $0.0001 per share. As of January 30, 2025, there were 76,024,820 shares of common stock outstanding, held by 110 stockholders of record. This figure does not reflect the number of beneficial owners of shares of our common stock as a single stockholder of record often holds shares in nominee name (also referred to as, in “street name”) on behalf of multiple beneficial owners.

Voting Rights

Holders of shares of our common stock are entitled to one vote for each share held of