Beyond Air, Inc. Files 8-K: Material Agreement & Financial Update
Ticker: XAIR · Form: 8-K · Filed: Jun 27, 2024 · CIK: 1641631
| Field | Detail |
|---|---|
| Company | Beyond Air, Inc. (XAIR) |
| Form Type | 8-K |
| Filed Date | Jun 27, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $40.0 m, $17.5 million, $10.0 million, $12.5 million, $40.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-k
TL;DR
Beyond Air filed an 8-K on 6/21, looks like a big deal financially.
AI Summary
On June 21, 2024, Beyond Air, Inc. entered into a material definitive agreement related to its results of operations and financial condition. This filing also confirms a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
Why It Matters
This 8-K filing indicates a significant development in Beyond Air's financial and operational landscape, potentially impacting its strategic direction and investor outlook.
Risk Assessment
Risk Level: medium — Material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.
Key Players & Entities
- Beyond Air, Inc. (company) — Registrant
- June 21, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 001-38892 (identifier) — SEC File Number
FAQ
What is the nature of the material definitive agreement Beyond Air, Inc. entered into?
The filing states that Beyond Air, Inc. entered into a material definitive agreement on June 21, 2024, related to its results of operations and financial condition, but the specific details of the agreement are not provided in this summary.
What type of financial obligation is mentioned in the 8-K filing?
The filing mentions the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on June 21, 2024.
What is Beyond Air, Inc.'s state of incorporation?
Beyond Air, Inc. is incorporated in Delaware.
What is the SEC file number for Beyond Air, Inc.?
The SEC file number for Beyond Air, Inc. is 001-38892.
Filing Stats: 1,426 words · 6 min read · ~5 pages · Grade level 9.6 · Accepted 2024-06-27 16:10:16
Key Financial Figures
- $40.0 m — in an aggregate principal amount up to $40.0 million, with (i) $17.5 million advanced
- $17.5 million — al amount up to $40.0 million, with (i) $17.5 million advanced on the Initial Closing Date ("
- $10.0 million — losing Date (" Tranche 1 "), (ii) up to $10.0 million which may be advanced upon the request
- $12.5 million — period (" Tranche 2 "), and (iii) up to $12.5 million which may be advanced after April 1, 20
- $40.0 million — n the Company's achievement of at least $40.0 million of product revenue in the fiscal year e
- $87,500 — t, the Company paid an amendment fee of $87,500, with an additional $87,500 final payme
- $1.28 — and have an exercise price per share of $1.28. The Warrantholders may exercise the
Filing Documents
- form8-k.htm (8-K) — 55KB
- ex4-1.htm (EX-4.1) — 111KB
- ex4-1_001.jpg (GRAPHIC) — 1KB
- ex4-2.htm (EX-4.2) — 111KB
- ex4-2_001.jpg (GRAPHIC) — 1KB
- ex10-1.htm (EX-10.1) — 71KB
- ex99-1.htm (EX-99.1) — 152KB
- 0001493152-24-025433.txt ( ) — 739KB
- xair-20240621.xsd (EX-101.SCH) — 3KB
- xair-20240621_lab.xml (EX-101.LAB) — 33KB
- xair-20240621_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEYOND AIR, Inc. Date: June 27, 2024 By: /s/ Steven A. Lisi Name: Steven A. Lisi Title Chief Executive Officer