Beyond Air Enters Material Definitive Agreement
Ticker: XAIR · Form: 8-K · Filed: Sep 27, 2024 · CIK: 1641631
| Field | Detail |
|---|---|
| Company | Beyond Air, Inc. (XAIR) |
| Form Type | 8-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $0.51, $0.5099, $20,600,000, $0.38 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, equity-securities, corporate-action
TL;DR
Beyond Air just signed a big deal, likely involving stock sales. Keep an eye on this.
AI Summary
On September 26, 2024, Beyond Air, Inc. entered into a material definitive agreement related to unregistered sales of equity securities. The company, formerly known as AIT Therapeutics, Inc. and KokiCare, Inc., is incorporated in Delaware and headquartered in Garden City, NY.
Why It Matters
This filing indicates a significant corporate action, potentially involving new financing or strategic partnerships that could impact the company's future operations and stock value.
Risk Assessment
Risk Level: medium — The nature of the agreement, particularly concerning unregistered sales of equity, could lead to dilution or signal financial pressures.
Key Players & Entities
- Beyond Air, Inc. (company) — Registrant
- AIT Therapeutics, Inc. (company) — Former Company Name
- KokiCare, Inc. (company) — Former Company Name
- September 26, 2024 (date) — Date of Earliest Event Reported
FAQ
What is the specific nature of the material definitive agreement Beyond Air, Inc. entered into?
The filing indicates the agreement is related to unregistered sales of equity securities.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 26, 2024.
What were the former names of Beyond Air, Inc.?
Beyond Air, Inc. was formerly known as AIT Therapeutics, Inc. and KokiCare, Inc.
In which state is Beyond Air, Inc. incorporated?
Beyond Air, Inc. is incorporated in Delaware.
What is the business address of Beyond Air, Inc.?
The business address is 900 Stewart Avenue, Suite 301, Garden City, NY 11530.
Filing Stats: 1,660 words · 7 min read · ~6 pages · Grade level 12.2 · Accepted 2024-09-27 08:35:12
Key Financial Figures
- $0.0001 — f the Company's common stock, par value $0.0001 per share (the "Common Stock"), at a pu
- $0.51 — "Common Stock"), at a purchase price of $0.51 per Share, (ii) pre-funded warrants to
- $0.5099 — unded Warrants") at a purchase price of $0.5099 per Pre-funded Warrant and (iii) warran
- $20,600,000 — roceeds under the Purchase Agreement of $20,600,000. Each Share and each Pre-funded Warrant
- $0.38 — Warrants will have an exercise price of $0.38 per share. The offering is expected to
- $75,000 — e out-of-pocket expenses, not exceeding $75,000 in aggregate. The Engagement Letter wil
Filing Documents
- form8-k.htm (8-K) — 51KB
- ex4-1.htm (EX-4.1) — 119KB
- ex4-2.htm (EX-4.2) — 149KB
- ex10-1.htm (EX-10.1) — 257KB
- ex10-2.htm (EX-10.2) — 122KB
- ex10-3.htm (EX-10.3) — 98KB
- ex99-1.htm (EX-99.1) — 23KB
- ex10-3_001.jpg (GRAPHIC) — 2KB
- 0001493152-24-038433.txt ( ) — 1167KB
- xair-20240926.xsd (EX-101.SCH) — 3KB
- xair-20240926_lab.xml (EX-101.LAB) — 33KB
- xair-20240926_pre.xml (EX-101.PRE) — 24KB
- 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: September 27, 2024 By: /s/ Steven A. Lisi Name: Steven A. Lisi Title: Chief Executive Officer