0001493152-26-016172
SEC filingBeyond Air, Inc. received a Nasdaq delisting notice on April 7, 2026, for failing to maintain a minimum $1.00 bid price over 30 consecutive business days and is ineligible for a standard compliance period due to a prior reverse stock split.
Beyond Air, Inc. faces a significant threat to its Nasdaq listing status. The company's failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days triggered the delisting notice. A critical complication is the company's ineligibility for the standard 180-day grace period to regain compliance, a consequence of having executed a 1-for-20 reverse stock split within the prior year (July 14, 2025). This removes a common remedy and accelerates the timeline for potential delisting. The company's stated path is to appeal to the Nasdaq Hearings Panel, a move that will temporarily suspend delisting actions. Management indicates it is monitoring the stock price and considering options, including another reverse stock split, to meet the listing requirement. However, the filing explicitly cautions investors that there is no guarantee the appeal will be successful or that compliance can be achieved and sustained, introducing material uncertainty regarding the continued public trading venue for the company's common stock.