Company: XAIR
Filing Date: 2025-11-21
Form Type: S-1
Source: 0001493152-25-024614
Chunk: 3

Company: Beyond Air, Inc.
Filing Date: 2025-11-21
Form: S-1
Chunk 3
---
 after satisfaction of other conditions in the Purchase Agreement.

Streeterville may sell the common stock described in this prospectus in a number of different ways and at varying prices. Streeterville is an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act of 1933, as amended (the “Securities Act”). See “ Plan of Distribution” on page 12 for more information about how Streeterville may sell the shares of common stock being registered pursuant to this prospectus.

Our common stock is listed on the Nasdaq Capital Market (“Nasdaq”), under the symbol “XAIR.” On November 20, 2025, the last reported sale price of our common stock on Nasdaq was $1.23 per share.

Except for the financial statements from the Annual Report on Form 10-K for the year ended March 31, 2025, which are incorporated by reference herein, all historical share and per share information in this prospectus gives retroactive effect to a 1-for-20 reverse split of our common stock that became effective on July 14, 2025.

We are a “smaller reporting company” as defined under the federal securities laws and, as such, have elected to comply with certain reduced public company reporting requirements for this prospectus and may elect to do so in future filings. See “ Prospectus Summary—Emerging Growth Company” and “ Prospectus Summary—Smaller Reporting Company.”

Investing in our common stock involves a high degree of risk. See the “ Risk Factors” section beginning on page 4 of this prospectus and in the documents incorporated by reference into this prospectus for the risks and uncertainties you should consider before investing in our common stock.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>_________________________________

The date of this prospectus is , 2025</div>

<div align='center'>TABLE OF CONTENTS</div>

| Cautionary Note Regarding Forward-Looking Statements |  i |
| Market and Industry Data                             | ii |
| Prospectus Summary                                   |  1 |
| The Offering                                         |  3 |
| Risk Factors                                         |  4 |
| The Streeterville Transaction                        |  5 |
| Use of Proceeds                                      |  6 |
| Selling Stockholder                                  |  7 |
| Description of Capital Stock