Beyond Air raises $16M via registered direct offering of 9.6M shares & warrants at $1.66

Beyond Air, Inc.

Gross proceeds of $16M from sale of 9,638,556 shares and warrants at combined price $1.66 per unit.
Net proceeds of ~$14.6M after fees; to fund commercial sales development, research, working capital.
Warrants exercisable at $2.25 per share for three years; callable if net sales ≥ $4.5M by Mar 31, 2025.
Certain directors and officers participated in the offering.
Roth Capital and Laidlaw & Company acted as co-placement agents.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Beyond Air, Inc. entered into Placement Agency Agreement with Roth Capital Partners, LLC and Laidlaw & Company (UK) Ltd. valued at co-placement agents; 7% cash fee of aggregate gross proceeds (effective 2024-03-20).

Action: entry
Agreement: underwriting
Counterparty: Roth Capital Partners, LLC and Laidlaw & Company (UK) Ltd.
Value: co-placement agents; 7% cash fee of aggregate gross proceeds
Effective: 2024-03-20

Exact text from the filing

On March 20, 2024, the Company also entered into a placement agency agreement (the “Placement Agency Agreement”) with Roth Capital Partners, LLC and Laidlaw & Company (UK) Ltd. (the “Co-Placement Agents”) as the co-placement agents in connection with the offering.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Beyond Air, Inc. entered into Securities Purchase Agreement with certain institutional and accredited investors valued at 9,638,556 shares of common stock and warrants, offering price $1.66 per unit (effective 2022-03-20).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional and accredited investors
Value: 9,638,556 shares of common stock and warrants, offering price $1.66 per unit
Effective: 2022-03-20

Exact text from the filing

On March 20, 2022, Beyond Air, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain institutional and accredited investors

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545 material agreements filed in the last 30 days. Browse all material agreements →

Beyond Air, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-010974

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