secwatch.observer — SEC 8-K summary
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Issuer:     Beyond Air, Inc. (XAIR)
CIK:        0001641631
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001493152-25-006902
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beyond Air enters $35M ATM equity offering with BTIG; initially capped at $9.9M due to public float
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- ATM sales agreement with BTIG allows sale of up to $35M of common stock at Company's discretion.
- Initial registered amount capped at $9,892,518 due to public float limitations; further sales require additional prospectus supplement.
- Agent commission of up to 3% of gross proceeds; Company not obligated to sell any shares.
- Agreement terminates upon sale of all shares or earlier termination; sales via 'at the market' methods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641631/000149315225006902/0001493152-25-006902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641631/000149315225006902/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-006902

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