Beyond Air Announces $20.6 Million Private Placement Offering Priced At-the-Market Under Nasdaq Rules
Beyond Air, Inc. (XAIR)
Company Research
Source: GlobeNewswire
– Financing strengthens balance sheet and is expected to provide sufficient cash runway through June 2026 – – Retiring $17.5 million in Avenue Capital debt, aided by $11.5 million in new debt from insider-led group; eliminates $12 million in scheduled debt payments through June 2026 – – Avenue Capital, current insiders, and select group of healthcare-focused investment funds participated in the equity offering – GARDEN CITY, N.Y., Sept. 27, 2024 (GLOBE NEWSWIRE) -- Beyond Air, Inc. (NASDAQ: XAIR) (“Beyond Air” or the “Company”), a commercial stage medical device and biopharmaceutical company focused on harnessing the power of endogenous and exogenous nitric oxide (NO) to improve the lives of patients, today announced that it has entered into a securities purchase agreement with certain institutional and accredited investors, as well as Company insiders. “We have strengthened our balance sheet, eliminated debt payments through mid-2026 and extended our cash runway,
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XAIR
News
- Beyond Air announces $20.6M private equity offering [Seeking Alpha]Seeking Alpha
- Beyond Air Provides LungFit® PH System to U.S. Naval Hospital Guam for Neonatal Critical Care in Partnership with TrillaMed [Yahoo! Finance]Yahoo! Finance
- Beyond Air Announces Termination of the Loan and Security Agreements with Avenue Capital [Yahoo! Finance]Yahoo! Finance
- Beyond Air Provides LungFit® PH System to U.S. Naval Hospital Guam for Neonatal Critical Care in Partnership with TrillaMedGlobeNewswire
- Beyond Air Announces Termination of the Loan and Security Agreements with Avenue CapitalGlobeNewswire
XAIR
Earnings
- 8/6/24 - Beat
XAIR
Sec Filings
- 9/27/24 - Form 8-K
- 9/3/24 - Form EFFECT
- 8/22/24 - Form 144
- XAIR's page on the SEC website