Beyond Air, Inc. 8-K

What Happened
Beyond Air, Inc. announced on April 10, 2026 that Nasdaq notified the company on April 7, 2026 that it does not meet the $1.00 minimum bid price required for continued listing under Nasdaq Listing Rule 5550(a)(2). Nasdaq found the deficiency based on the closing bid price over the 30 consecutive business days from February 23, 2026 through April 6, 2026. The company says it will timely request a hearing before the Nasdaq Hearings Panel by the April 14, 2026 deadline, which automatically stays any suspension or delisting while the appeal is pending.

Key Details

• Nasdaq notice dated April 7, 2026 cites failure to meet the $1.00 minimum bid price over Feb 23–Apr 6, 2026 (30 consecutive business days).
• Beyond Air effected a 1-for-20 reverse stock split on July 14, 2025; as a result it was not eligible for the usual 180-calendar-day compliance period.
• Company must request a hearing by April 14, 2026; it intends to do so, and the stock will remain listed and tradable on Nasdaq during the appeal.
• The company is monitoring its bid price and is considering options to regain compliance, including possibly effecting another reverse stock split.

Why It Matters
A continued failure to meet Nasdaq’s minimum bid-price rule could lead to delisting, which can reduce liquidity and make shares harder to trade and transfer, potentially affecting investor value. The company’s timely appeal preserves its Nasdaq listing while the Panel reviews the case, but there is no assurance the Panel will grant continued listing or that the company will regain compliance. Investors should monitor further company disclosures and trading updates related to the hearing outcome and any actions the company takes to address the bid price deficiency.