Company: XAIR
Filing Date: 2025-12-11
Form Type: S-1/A
Source: 0001493152-25-027294
Chunk: 13

Company: Beyond Air, Inc.
Filing Date: 2025-12-11
Form: S-1/A
Chunk 13
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 from time to time by Streeterville. We will receive no proceeds from the sale of shares of common stock by Streeterville pursuant to this prospectus. We may receive up to $20 million in gross proceeds under the Purchase Agreement from any sales we make to Streeterville pursuant to the Purchase Agreement after the date of this prospectus. We estimate that the net proceeds to us from the sale of our common stock to Streeterville pursuant to the Purchase Agreement would be up to approximately $18 million over the Commitment Period, assuming that we sell the full amount of our common stock that we have the right, but not the obligation, to sell to Streeterville under the Purchase Agreement, and after other estimated fees and expenses. If we sell 1,600,000 shares of common stock at $1.11 per share, the closing price of our common stock on Nasdaq on December 10, 2025, we expect that net proceeds would be approximately $2 million. See “ Plan of Distribution” elsewhere in this prospectus for more information.Notwithstanding the foregoing, we will not receive any proceeds from shares sold to Streeterville
pursuant to an Investor Notice, as such shares will be paid for by offsetting the amount of the purchase price to be paid by Streeterville
against an amount outstanding under the Note.

We currently expect to use the net proceeds, if any, from any sale of common stock to Streeterville pursuant to the Purchase Agreement for general corporate purposes, including working capital, commercial operations, repayment of the promissory note, pre-clinical and clinical activities, and other strategic initiatives. We are unable to predict the timing or amount of potential issuances of any of the shares issuable pursuant to the Purchase Agreement. As a result, we cannot specify with certainty all of the particular uses for the net proceeds that we will have from the sale of such additional shares, if any. Our management will have broad discretion in the application of the net proceeds. We may use the proceeds for purposes that are not currently contemplated.

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<div align='center'>SELLING STOCKHOLDER</div>

This prospectus relates to the possible resale by the Selling Stockholder, Streeterville, of shares of our common stock that may be issued to Streeterville pursuant to the Purchase Agreement. We are filing the registration statement of which this prospectus is a part pursuant to the provisions of the Registration Rights Agreement, which we entered into with Streeterville on November 4, 2025, concurrently with our execution of the Purchase Agreement,