---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010974"
form_type: "8-K"
ticker: "XAIR"
cik: "0001641631"
company_name: "Beyond Air, Inc."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:04:27.982674+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-010974
- form_type: 8-K
- ticker: XAIR
- cik: 0001641631
- company_name: Beyond Air, Inc.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641631/000149315224010974/0001493152-24-010974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641631/000149315224010974/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010974
- JSON: https://secwatch.observer/filing/0001493152-24-010974.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010974.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315224010974/0001493152-24-010974-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315224010974/0001493152-24-010974-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.