Company: XAIR
Filing Date: 2025-11-21
Form Type: S-1
Source: 0001493152-25-024614
Chunk: 17

Company: Beyond Air, Inc.
Filing Date: 2025-11-21
Form: S-1
Chunk 17
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 exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and      
 regulations thereunder. As a result, the exclusive forum provision will not apply to suits brought to enforce any duty or liability      
 created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction. In addition, Section 22         
 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or         
 liability created by the Securities Act or the rules and regulations thereunder. As a result, the exclusive forum provision will         
 not apply to suits brought to enforce any duty or liability created by the Securities Act or any other claim for which the federal       
 and state courts have concurrent jurisdiction.                                                                                           |

| 10 |

Rule 144

Rule 144 under the Securities Act (“Rule 144”) is not available for the resale of securities initially issued by shell companies (other than business combination related shell companies) or issuers that have been at any time previously a shell company, such as the Company. However, Rule 144 also includes an important exception to this prohibition if the following conditions are met:

| ● | the                                                                                                                                
 issuer of the securities that was formerly a shell company has ceased to be a shell company;                                       |
| ● | the                                                                                                                                
 issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act;                      |
| ● | the                                                                                                                                
 issuer of the securities has filed all Exchange Act reports and material required to be filed, as applicable, during the preceding 
 12 months (or such shorter period that the issuer was required to file such reports and materials), other than Form 8-K reports;   
 and                                                                                                                                |
| ● | at                                                                                                                                 
 least one year has elapsed from the time that the issuer filed current Form 10-type information with the SEC reflecting its status 
 as an entity that is not a shell company.                                                                                          |

When the conditions set forth in the exceptions listed above are satisfied, Rule 144 is available for the resale of our securities.

When and if Rule 144 becomes available for the resale of our securities, a person who has beneficially owned restricted shares of our common stock or warrants for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale and (ii) we are subject to the Exchange Act