Beyond Air secures $11.5M secured loan from CEO and director; issues warrants

Beyond Air, Inc.

$11.5M loan at 15% interest (3% cash, 12% PIK through June 2026); matures Oct 2034.
Warrants for 15,159,504 shares at $0.3793/share issued to CEO Steven Lisi and director Robert Carey.
Loan secured by substantially all assets; quarterly repayment from 8% royalty on net sales starts Oct 2026.
Independent board and investment bank approved the related-party transaction.
Proceeds used for working capital and refinancing; loan is full recourse upon maturity or default.

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