Beyond Air raises $20.6M via private placement, retires $17.5M debt, extends cash runway to June 2026

Beyond Air, Inc.

Sold 40,392,155 shares/pre-funded warrants at $0.51/$0.5099 per unit with warrants exercisable at $0.38 for 5 years.
Retired $17.5M Avenue Capital term loan with $17.85M payment, eliminating $12M in scheduled debt payments through June 2026.
Entered $11.5M royalty agreement (15% PIK interest) with insiders, payments based on LungFit PH sales starting July 2026.
Insiders contributed $2M to the offering; Avenue Capital invested $3.35M in equity.
Net proceeds used for working capital; Company expects cash runway to last through June 2026.

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