Beyond Air Files Definitive Proxy for Reverse Stock Split to Avoid Nasdaq Delisting
XAIR sits 34% above its 52-week low of $0.43.
Summary
Beyond Air, Inc. has filed its definitive proxy statement for a special meeting on June 18, 2026, seeking shareholder approval for a reverse stock split (1:2 to 1:20) to regain Nasdaq compliance and prevent delisting.
Key Events · Corporate Governance and Compliance · XAIR
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Definitive Proxy Filed
Beyond Air, Inc. has filed its definitive proxy statement for a special shareholder meeting on June 18, 2026.
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Reverse Stock Split Proposal
Shareholders will vote on a proposal to amend the company's charter to effect a reverse stock split at a ratio ranging from 1-for-2 to 1-for-20, at the Board's discretion.
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Nasdaq Delisting Threat
The primary goal of the reverse stock split is to increase the per share price to meet Nasdaq's $1.00 minimum bid price requirement and avoid delisting, following a notice received on April 7, 2026.
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Prior Reverse Split Impact
The company is not eligible for a standard compliance period due to a previous 1-for-20 reverse stock split effected on July 14, 2025.
Analysis · XAIR · Industrial Applications And Services
This definitive proxy statement follows the preliminary filing on April 24, 2026, and formalizes the company's urgent plan to address its non-compliance with Nasdaq's $1.00 minimum bid price rule. The company received a delisting notice on April 7, 2026, and is not eligible for a standard compliance period due to a prior 1-for-20 reverse stock split in July 2025. A hearing with the Nasdaq Hearings Panel is scheduled for May 14, 2026. The Board emphasizes that delisting would severely hinder its ability to raise capital, potentially leading to restructuring and a total loss for shareholders, especially given its "going concern" warning from the last 10-Q. While a reverse split is dilutive and carries risks of not sustaining the price or reducing liquidity, it is presented as a critical measure to maintain Nasdaq listing and facilitate future financing, which is essential for the company's survival.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 43.9% of the 999 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.15%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
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 $6.1M. The 52-week trading range was $0.43 to $5.84. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.