Beyond Air Files Definitive Proxy for Reverse Stock Split to Avoid Nasdaq Delisting

summarizeSummary

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.

check_boxKey Events

• Definitive Proxy Filed

  Beyond Air, Inc. has filed its definitive proxy statement for a special shareholder meeting on June 18, 2026.

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.