secwatch.observer — SEC 8-K summary
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Issuer:     Beyond Air, Inc. (XAIR)
CIK:        0001641631
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001493152-24-010974
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641631/000149315224010974/0001493152-24-010974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641631/000149315224010974/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010974

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