Beyond Air, Inc. Receives Nasdaq Delisting Notice, Requests Hearing to Appeal
Key Points for Investors:
- Beyond Air, Inc. (NASDAQ: XAIR) has received a written notice from Nasdaq regarding non-compliance with the \$1.00 minimum bid price requirement.
- The company’s common stock is at risk of being delisted from the Nasdaq Stock Market LLC unless compliance is regained.
- Beyond Air, Inc. has timely requested a hearing before the Nasdaq Hearings Panel, scheduled for May 14, 2026.
- The outcome is uncertain and may impact the company’s listing status and share value.
Detailed Article
Beyond Air, Inc. (the “Company”), trading under the symbol XAIR on Nasdaq, disclosed in a recent Form 8-K filing that it received an official written notice from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC. The notice states that the Company is not in compliance with Nasdaq’s \$1.00 minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2), a critical threshold for maintaining a Nasdaq listing.
What This Means: This notice is a significant development for shareholders, as it puts the Company at risk of having its common stock delisted from Nasdaq. Delisting could severely impact the stock’s liquidity, investor base, and share price, making this a highly price-sensitive event.
The Company was informed that, unless it requests a hearing, the delisting process would proceed. To address this, Beyond Air, Inc. has formally requested a hearing before the Nasdaq Hearings Panel on April 13, 2026. As a result, the Company’s shares are expected to remain listed on Nasdaq at least until the hearing takes place, which is scheduled for May 14, 2026.
Uncertainty Remains: There is no assurance that the Nasdaq Hearings Panel will grant Beyond Air’s request for continued listing or that the Company will be able to regain compliance with Nasdaq’s requirements within any compliance period that may be granted by the Panel. If the Company’s appeal is unsuccessful or if it fails to bring its share price above the \$1.00 threshold for the required period, delisting may occur.
Potential Impact on Shareholders:
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If delisting occurs, the Company’s shares could be traded on the over-the-counter (OTC) markets, which are typically less liquid and more volatile than Nasdaq.
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The Company may undertake corporate actions—such as a reverse stock split—to boost its share price above the minimum requirement, which could affect existing shareholdings.
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The notice and uncertainty may result in increased share price volatility until the matter is resolved.
Forward-Looking Statements: The Company’s Form 8-K includes forward-looking statements regarding the appeal process and the Company’s efforts to regain compliance. These statements are subject to risks and uncertainties, including the outcome of the Nasdaq hearing and the Company’s ability to meet continued listing standards. The Company has stated it does not undertake any obligation to update these statements except as required by law.
Other Relevant Disclosures
- The Company is not classified as an “emerging growth company” under SEC rules.
- No written communications, soliciting materials, or pre-commencement tender offers were filed in connection with this report (all related boxes were unchecked in the filing).
- The common stock, par value \$0.0001 per share, is currently listed on the Nasdaq Stock Market LLC under the trading symbol XAIR.
Shareholder Takeaway: The risk of delisting from Nasdaq is a material development that could significantly impact Beyond Air, Inc.’s stock price and its attractiveness to investors. Shareholders should closely monitor upcoming announcements, particularly the outcome of the May 14, 2026, Nasdaq hearing.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. The outcome of the Nasdaq hearing is uncertain, and the Company’s ability to regain compliance is not guaranteed.
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