Form 8-K

8-K — Beyond Air, Inc.

Accession: 0001493152-26-016172

Filed: 2026-04-10

Period: 2026-04-07

CIK: 0001641631

SIC: 3841 (SURGICAL & MEDICAL INSTRUMENTS & APPARATUS)

Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the

Securities

Exchange Act of 1934

Date

of report (Date of earliest event reported): April 7, 2026

Beyond

Air, Inc.

(Exact

Name of Registrant as Specified in Charter)

Delaware

001-38892

47-3812456

(State

or Other Jurisdiction

Incorporation)

(Commission

File

Number)

(I.R.S.

Employer

Identification

No.)

900

Stewart Avenue, Suite 301

Garden

City, NY 11530

(Address

of Principal Executive Offices and Zip Code)

(516)

665-8200

Registrant’s

Telephone Number, Including Area Code

(Former

Name or Former Address, if Changed Since Last Report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written communication

pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant

to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications

pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications

pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title of

each class

Trading Symbol(s)

Name of each

exchange on which registered

Common Stock, par value

$.0001 per share

XAIR

The Nasdaq Stock Market

LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)

or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01

Notice of

Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

April 7, 2026, Beyond Air, Inc. (the “Company”) received a written notification (the “Notice”) from the staff

of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the

Company that it no longer satisfies the $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing

on Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing

Rule 5810(c)(3)(A) provides that a failure to meet the continued listing minimum bid price requirement exists if the deficiency continues

for a period of thirty (30) consecutive business days (collectively, the “Bid Price Rule”). Based on the closing bid price

of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the thirty (30) consecutive business

days from February 23, 2026 to April 6, 2026, the Company no longer satisfies the Bid Price Rule.

While

companies are typically afforded a 180-calendar day compliance period to comply with the Bid Price Rule, the Notice stated that, pursuant

to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company was not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A)

due to the fact that the Company effected a reverse stock split over the prior one-year period. The Company effected a 1-for-20 reverse

stock split on July 14, 2025.

The

Notice stated that the Company’s securities will be subject to delisting from Nasdaq unless the Company timely requests a hearing

before the Nasdaq Hearings Panel (the “Panel”) by April 14, 2026. Accordingly, the Company intends to timely request a hearing

before the Panel, and at which point, such timely request will automatically stay any further suspension or delisting action by Nasdaq

pending the Panel’s decision. During the appeal process with the Panel, the Common Stock will continue to be listed and trade on

Nasdaq. However, there can be no assurance that the Panel will grant the Company’s request for continued listing or that the Company

will be able to regain compliance and thereafter maintain its listing on Nasdaq.

The

Company intends to actively monitor the bid price of its Common Stock and is considering available options to regain compliance with

the Nasdaq listing requirements, including such actions as effecting a reverse stock split to maintain its Nasdaq listing.

Forward

Looking Statements:

This

Current Report on Form 8-K contains “forward-looking” statements within the meaning of Section 27A of the Securities Act

of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the Company’s intent to request

an appeal before the Panel and ability to regain compliance with Nasdaq’s continued listing standards. The words “may,”

“will,” “could,” “would,” “should,” “expect,” “intend,” “plan,”

“anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,”

“continue,” “ongoing” and similar expressions are intended to identify forward-looking statements, although not

all forward-looking statements contain these identifying words. While the Company believes its plans, intentions and expectations reflected

in those forward-looking statements are reasonable, these plans, intentions or expectations may not be achieved. The Company’s

actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking

statements. For information about the factors that could cause such differences, please refer to the Company’s Annual Report on

Form 10-K for the year ended March 31, 2025, including the information discussed under the captions “Item 1 Business,” “Item

1A. Risk Factors” and “Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations,”

as well as the Company’s various other filings with the SEC. Given these uncertainties, you should not place undue reliance on

these forward-looking statements. The Company assumes no obligation to update any forward-looking statement. The Company undertakes no

obligation to update any forward-looking statement in this report, except as required by law.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

BEYOND AIR, Inc.

Date: April 10, 2026

By:

/s/ Daniel Moorhead

Name:

Daniel Moorhead

Title:

Chief Financial Officer

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