{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-039221","form_type":"8-K","ticker":"XAIR","cik":"0001641631","company_name":"Beyond Air, Inc.","filed_at":"2024-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.073585+00:00","generated_at":"2026-05-30T22:37:30.978079+00:00","sec_items":["1.01","2.03","3.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Beyond Air enters $11.5M secured loan with CEO and director; 15% PIK interest, 8% royalty","bullets":["Term sheet for $11.5M secured loan from CEO Steven Lisi and director Robert Carey; 10-year term, 15% PIK interest through July 2026.","Royalty of 8% on net sales quarterly from July 2026 until repaid; secured by substantially all assets.","Warrants to purchase common stock at $0.3793 per share; definitive loan agreement expected by Oct 31, 2024.","Approved by independent disinterested directors after investment bank recommendation; interested parties involved."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-039221","json":"https://secwatch.observer/filing/0001493152-24-039221.json","markdown":"https://secwatch.observer/filing/0001493152-24-039221.md","text":"https://secwatch.observer/filing/0001493152-24-039221.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1641631/000149315224039221/0001493152-24-039221-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1641631/000149315224039221/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T22:37:30.978079+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}