Beyond Air announces $20.6M private equity offering [Seeking Alpha]
Beyond Air, Inc. (XAIR)
Company Research
Source: Seeking Alpha
Under the terms of a securities purchase agreement, certain investors have agreed to purchase ~40.39M shares of XAIR common stock (or pre-funded warrants in lieu thereof) and accompanying warrants to purchase up to ~40.39M shares at a purchase price of $0.51 per common share (or $0.5099 per pre-funded warrant in lieu thereof) and accompanying warrant. The offering is priced at-the-market under the rules of the Nasdaq Stock Market. The pre-funded warrants and the warrants will be exercisable upon shareholder approval. The pre-funded warrants will be exercisable at a price of $0.0001 per share until exercised in full. The warrants will have an exercise price of $0.38 per share and a term of five years commencing upon shareholder approval. Net proceeds from this offering will be used for working capital purposes. Separately, the medical device company reached an agreement to retire a term loan with Avenue Capital for a one-time payment of $17.85M. This agreement eliminates the
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XAIR
News
- Beyond Air to Participate in the Piper Sandler 36th Annual Healthcare Conference [Yahoo! Finance]Yahoo! Finance
- Beyond Air to Participate in the Piper Sandler 36th Annual Healthcare ConferenceGlobeNewswire
- Beyond Air® Reports Fiscal Second Quarter 2025 Financial Results and Provides Corporate UpdateGlobeNewswire
- Beyond Cancer Presents Promising Preclinical Data on Low Volume Ultra-High Concentration Nitric Oxide (LV UNO) Therapy at the 2024 Society for Immunotherapy of Cancer (SITC) Annual MeetingGlobeNewswire
- Beyond Air Inc (XAIR) Q2 2025 Earnings Report Preview: What To Expect [Yahoo! Finance]Yahoo! Finance
XAIR
Earnings
- 11/11/24 - Beat
XAIR
Sec Filings
- 11/21/24 - Form S-3/A
- 11/18/24 - Form 8-K
- 11/12/24 - Form 10-Q
- XAIR's page on the SEC website