Beyond Air Granted Conditional Nasdaq Listing, Must Comply with Bid Price Rule by July 31
XAIR sits 21% above its 52-week low of $0.381.
Summary
Beyond Air received a conditional approval from Nasdaq to continue its listing, requiring it to meet the $1.00 bid price by July 31, 2026, and face a one-year monitoring period.
Key Events · Corporate Governance and Compliance · XAIR
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Nasdaq Listing Continued
The Nasdaq Hearings Panel granted Beyond Air's request for continued listing, preventing immediate delisting following its appeal on April 15, 2026.
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Bid Price Compliance Deadline
The company must demonstrate compliance with the $1.00 bid price rule (Nasdaq Listing Rule 5550(a)(2)) on or before July 31, 2026.
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One-Year Monitoring Period
Beyond Air will be subject to a strict one-year discretionary panel monitor. Any failure to meet listing standards during this period could result in immediate delisting without a new compliance plan.
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Reverse Stock Split Vote
Shareholders are scheduled to vote on a reverse stock split proposal (1:2 to 1:20) on June 18, 2026, a key step to meet the bid price requirement, as previously disclosed in the DEF 14A on May 5, 2026.
Analysis · XAIR · Industrial Applications And Services
Beyond Air has received a critical decision from the Nasdaq Hearings Panel, allowing it to maintain its listing on Nasdaq, subject to meeting the $1.00 bid price requirement by July 31, 2026. This decision provides a temporary reprieve from immediate delisting, which was a significant risk for the micro-cap company. However, the company will be under a strict one-year monitoring period, where any further non-compliance could lead to immediate delisting without a new compliance plan. Shareholders are scheduled to vote on a reverse stock split on June 18, 2026, which is crucial for meeting the bid price deadline.
At the time of this filing, XAIR was trading at $0.46 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $6.2M. The 52-week trading range was $0.38 to $5.84. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.