Company: XAIR
Filing Date: 2025-04-25
Form Type: PRE 14A
Source: 0001641172-25-006287
Chunk: 6

Company: Beyond Air, Inc.
Filing Date: 2025-04-25
Form: PRE 14A
Chunk 6
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 our need to raise additional capital, delisting of our Common Stock from the Nasdaq Capital Market would materially limit our ability to obtain additional equity capital. We may need to seek an in-court or out-of-court restructuring of our liabilities. In the event of such restructuring activities, holders of our Common Stock and other securities will likely suffer a total loss of their investment.

The primary goal of the Reverse Stock Split is to increase the per share market price of our Common Stock to meet the minimum per share bid price requirements for continued listing on the Nasdaq Capital Market. There can be no assurance that even if the Reverse Stock Split is effected, that we will ultimately regain compliance with the Minimum Bid Price Requirement and all other applicable requirements for continued listing on the Nasdaq Capital Market or that our Common Stock will not be delisted from the Nasdaq Capital Market.

The form of the proposed Reverse Stock Split Amendment is attached to this proxy statement as Annex A. If our Board determines to effect the Reverse Stock Split, the number of outstanding shares of Common Stock will be reduced as compared to the number of outstanding shares immediately prior to the effectiveness of the Reverse Stock Split, but will not increase the par value of Common Stock, and will not change the number of authorized shares of our capital stock. Stockholders are urged to carefully read Annex A. If implemented, the number of shares of our Common Stock owned by each of our stockholders will be reduced by the same proportion as the reduction in the total number of shares of our Common Stock outstanding, so that the percentage of our outstanding Common Stock owned by each of our stockholders will remain approximately the same, except to the extent that the Reverse Stock Split could result in some or all of our stockholders receiving one share of Common Stock in lieu of a fractional share.

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How does the Board recommend I vote on these proposals?

The Board recommends a vote:

| ● | FOR the                                                                                        
 approval of an amendment to our amended and restated certificate of incorporation, as amended, 
 in the form attached to the proxy statement as Annex A, to, at the discretion of our           
 Board, effect a reverse stock split of our issued and outstanding shares of Common Stock,      
 at a ratio, ranging from one- for-ten (1:10) to one-for-fifty (1:50), at any time prior to     
 the one-year anniversary date of the Special Meeting, with the exact ratio to be set within    
 that range at the discretion of our Board without further approval or authorization of our     
 stockholders