Beyond Air Announces Termination of the Loan and Security Agreements with Avenue Capital
Beyond Air, Inc. (XAIR)
Company Research
Source: GlobeNewswire
– Retiring $17.5 million in Avenue Capital debt and entering into a $11.5 million loan agreement with an insider-led investor group – – Eliminating $12 million in scheduled debt payments through June 2026 – – $11.5 million loan agreement defers payment of principal and interest through June 2026 - – 60% increase in the number of hospital contracts since July 1, 2024, including U.S. Naval Hospital Guam – 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 terminated the loan and security agreements with Avenue Capital and entered into an $11.5 million loan agreement with an insider-led investor group. “These transactions, along with today’s announced equity raise, immediately strengthen our balance shee
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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 $20.6 Million Private Placement Offering Priced At-the-Market Under Nasdaq RulesGlobeNewswire
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