Beyond Air Appeals Nasdaq Delisting Notice, Securing Temporary Stay Until May Hearing
Summary
Beyond Air, Inc. has appealed Nasdaq's delisting notice for failing to meet the $1.00 bid price requirement, resulting in a temporary stay of delisting until a hearing scheduled for May 14, 2026.
Key Events
-
Delisting Appeal Filed
Beyond Air, Inc. timely requested a hearing before the Nasdaq Hearings Panel on April 13, 2026, to appeal the delisting determination received on April 10, 2026.
-
Delisting Action Stayed
The timely appeal request has stayed any suspension or delisting action, allowing the company's common stock to continue trading on Nasdaq pending the hearing's outcome.
-
Hearing Scheduled
The hearing with the Nasdaq Hearings Panel has been scheduled for May 14, 2026.
Analysis
This filing provides a critical update to the delisting notice Beyond Air, Inc. received on April 10, 2026. By timely requesting a hearing with the Nasdaq Hearings Panel, the company has temporarily stayed any suspension or delisting action, allowing its common stock to continue trading on Nasdaq pending the hearing's outcome. While this offers a reprieve and a chance to present its case, the underlying issue of not meeting the $1.00 bid price requirement remains. Investors should monitor the May 14, 2026 hearing closely, as the Panel's decision will be crucial for the company's continued listing and access to public capital markets.
At the time of this filing, XAIR was trading at $0.58 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $5.3M. The 52-week trading range was $0.43 to $5.84. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.