Company: XAIR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005678
Chunk: 77

Company: Beyond Air, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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our common stock may be thinly traded.

On
August 8, 2024, the Company received a letter from the staff of the Nasdaq Listing Qualifications Department (the
“Staff”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the
Company’s common stock has been below the minimum $1.00 per share required for continued listing on the Nasdaq Capital Market
pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). In accordance with Nasdaq Listing Rule
5810(c)(3)(A), the Company was given 180 calendar days, or until February 4, 2025, to regain compliance with the Minimum Bid Price
Requirement. As the Company did not regain compliance with the Minimum Bid Price Requirement by February 4, 2025, the Company was afforded a second 180 calendar day period to regain compliance. To qualify, the Company will be required to meet the continued
listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market
with the exception of the Minimum Bid Price Requirement and will need to provide written notice of its intention to cure the
deficiency during such additional compliance period, by effecting a reverse split of its common stock, if necessary. If it appears
to the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible for the
additional compliance period, and the Company does not regain compliance by August 4, 2025, Nasdaq will provide written
notification to the Company that its common stock is subject to delisting. At that time, the Company may appeal the delisting
determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules.

If
Nasdaq determines to delist our securities from trading on its exchange and we are unable to obtain listing on another national securities
exchange, a reduction in some or all of the following may occur, each of which could have a material adverse effect on our shareholders:

    ●
    the
    liquidity of our common stock;

    ●
    the
    market price of our common stock;

    ●
    our
    ability to obtain financing for the continuation of our operations;

    ●
    the
    number of investors that will consider investing in our common stock;

    ●
    the
    number of market makers in our common stock;

    ●