secwatch.observer — SEC 8-K summary
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Issuer:     Beyond Air, Inc. (XAIR)
CIK:        0001641631
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001493152-25-020888
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641631/000149315225020888/0001493152-25-020888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641631/000149315225020888/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-020888

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer