Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 605

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1
Chunk 605
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 curtailment of trade and other business restrictions;

    ●
    certain expenses including, among others, expenses for travel, translation and insurance; and

    ●
    regulatory and compliance risks that relate to maintaining accurate information and control over sales and activities that may fall within the purview of the FCPA, its books and records provisions or its anti-bribery provisions.

Any of these factors could significantly
harm our future international expansion and operations and, consequently, our results of operations.

Conditions in Israel may materially and adversely
affect the Company’s business.

In October 2023, Hamas conducted
several terrorist attacks in Israel resulting in ongoing war across the country, forcing the closure of the Company’s offices in
Israel for several days. Any armed conflicts, terrorist activities or political instability involving Israel or other countries in the
region could adversely affect the Company’s business. Moreover, the Company has a significant number of employees located in Israel.
The Company’s operations could also be disrupted by the absence for significant periods of one or more key employees or a significant
number of other employees because of military service. While there are business continuity plans in place to address the military call-ups,
any of these circumstances could have a material adverse effect on the Company’s business.

The use of any of our products could result
in product liability or similar claims that could be expensive, damage our reputation and harm our business.

Our business exposes us to an
inherent risk of potential product liability or similar claims. The medical device industry has historically been litigious, and we face
financial exposure to product liability or similar claims if the use of any of our products were to cause or contribute to injury or death.
There is also the possibility that defects in the design or manufacture of any of our products might necessitate a product recall. Although
we maintain product liability insurance, the coverage limits of these policies may not be adequate to cover future claims. In the future,
we may be unable to maintain product liability insurance on acceptable terms or at reasonable costs and such insurance may not provide
us with adequate coverage against potential liabilities. A product liability claim, regardless of merit or ultimate outcome, or any product
recall could result in substantial costs to us, damage to our reputation, customer dissatisfaction and frustration and a substantial diversion
of management attention. A successful claim brought against us in excess of, or outside of, our insurance coverage could have a material
adverse effect on our business, financial condition and results of operations.

Natural disasters, geopolitical unrest,