---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-038433"
form_type: "8-K"
ticker: "XAIR"
cik: "0001641631"
company_name: "Beyond Air, Inc."
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:10:46.447411+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-038433
- form_type: 8-K
- ticker: XAIR
- cik: 0001641631
- company_name: Beyond Air, Inc.
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641631/000149315224038433/0001493152-24-038433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641631/000149315224038433/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-038433
- JSON: https://secwatch.observer/filing/0001493152-24-038433.json
- Plain text: https://secwatch.observer/filing/0001493152-24-038433.txt

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