---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-020888"
form_type: "8-K"
ticker: "XAIR"
cik: "0001641631"
company_name: "Beyond Air, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:18:30.691025+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beyond Air secures up to $32M in financing from Streeterville Capital

## Summary
- Issued $12M promissory note with 15% annual interest; net proceeds ~$12M; $6M placed in restricted account.
- Enters $20M equity line of credit (ELOC) to sell shares over 24 months; registration statement to be filed.
- Amends loan with CEO Steven Lisi and director Robert Carey: additional $2M term loan, warrants at $1.95/share.
- Board approves repricing of 726,618 options to $1.95, covering named executives and directors.
- Proforma cash, equivalents, restricted cash, marketable securities of $22.9M as of Sept 30, 2025; runway into 2027.

## SEC filing metadata
- accession: 0001493152-25-020888
- form_type: 8-K
- ticker: XAIR
- cik: 0001641631
- company_name: Beyond Air, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641631/000149315225020888/0001493152-25-020888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641631/000149315225020888/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-020888
- JSON: https://secwatch.observer/filing/0001493152-25-020888.json
- Plain text: https://secwatch.observer/filing/0001493152-25-020888.txt

## Key facts
- Debt Financings
  Beyond Air, Inc. incurred senior notes of $12,050,000 with Streeterville Capital, LLC at 15% per annum maturing 24 months following the date of issuance.
  - Instrument: senior notes
  - Principal: $12,050,000
  - Counterparty: Streeterville Capital, LLC
  - Rate: 15% per annum
  - Maturity: 24 months following the date of issuance
  - Event: incurrence
  source text: Also on November 4, 2025, the Company entered into and closed on a note purchase agreement (the “Note Purchase Agreement”) with Streeterville, which provided for the issuance of a secured promissory note in the principal amount of $12,050,000 (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315225020888/0001493152-25-020888-index.htm
- Debt Financings
  Beyond Air, Inc. amended credit facility of $2,000,000 term loan with Steven Lisi and Robert Carey.
  - Instrument: credit facility
  - Principal: $2,000,000 term loan
  - Counterparty: Steven Lisi and Robert Carey
  - Event: amendment
  source text: On November 3, 2025, the Company and the Lender amended and restated the Original Loan and Security Agreement (as amended, the “Amended and Restated Loan and Security Agreement”) to provide for an additional $2,000,000 term loan to the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315225020888/0001493152-25-020888-index.htm
- Equity Issuances
  Beyond Air, Inc. issued common stock to Streeterville Capital, LLC for up to $20 million.
  - Security: common stock
  - Purchaser: Streeterville Capital, LLC
  - Consideration: up to $20 million
  source text: Air, Inc., (the “Company”) entered into an equity purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (“Streeterville”) for the purchase of up to $20 million of the Company’s shares of common stock. In connection with the Purchase Agreement, the Company and Streeterville entered into a Registration Rights Agreement (the “Registration
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315225020888/0001493152-25-020888-index.htm
- Equity Issuances
  Beyond Air, Inc. issued up to 512,821 shares of common stock of warrant to Robert Carey for $1.95 per share.
  - Security: warrant
  - Shares: up to 512,821 shares of common stock
  - Purchaser: Robert Carey
  - Consideration: $1.95 per share
  source text: the issuance of new five-year warrants to Mr. Carey to purchase up to 512,821 shares of common stock at an exercise price of $1.95 per share (the “Supplemental Warrants”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641631/000149315225020888/0001493152-25-020888-index.htm

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