---
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"
generated_at: "2026-05-30T22:37:30.978079+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Beyond Air enters $11.5M secured loan with CEO and director; 15% PIK interest, 8% royalty

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-039221
- JSON: https://secwatch.observer/filing/0001493152-24-039221.json
- Plain text: https://secwatch.observer/filing/0001493152-24-039221.txt

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