Beyond Air to implement 1-for-20 reverse stock split effective July 14

Beyond Air, Inc. (NASDAQ:XAIR), currently trading at $0.21 with a market capitalization of $19.5 million, will implement a 1-for-20 reverse stock split of its issued and outstanding common shares, effective at 12:01 a.m. Eastern Time on July 14, 2025. According to InvestingPro analysis, the stock has experienced significant pressure, declining 65% over the past year. The company announced the move in a statement based on a filing with the Securities and Exchange Commission.

The reverse stock split was approved at a special meeting of shareholders held on June 20, 2025. Following the split, Beyond Air’s common stock will begin trading on a split-adjusted basis on the Nasdaq Stock Market when the market opens on July 14, 2025, under the existing trading symbol "XAIR." The new CUSIP number for the common stock will be 08862L202.

The company stated the reverse split is intended to raise the per-share bid price of its common stock above $1.00 and to regain compliance with Nasdaq Listing Rule 5550(a)(2). While facing listing challenges, InvestingPro data shows the company maintains strong liquidity with a current ratio of 3.2, indicating sufficient assets to cover short-term obligations. InvestingPro subscribers have access to 10+ additional key metrics and insights about Beyond Air’s financial health. Nasdaq requires listed companies to maintain a minimum bid price of $1.00 per share. Compliance will be regained once the stock trades at or above $1.00 for at least 10 consecutive trading days, according to the company’s statement.

As a result of the reverse split, every 20 shares of Beyond Air’s common stock issued and outstanding will be combined into one share. Fractional shares will be rounded up to the nearest whole share at the participant level, and no cash or other consideration will be paid for fractional shares. All outstanding equity awards will also be adjusted to reflect the reverse split.

The reverse stock split will not affect the number of authorized shares of common or preferred stock, nor will it impact the par value of the company’s shares. The rights and privileges of holders of common stock will remain unchanged, except for minor adjustments due to the handling of fractional shares.

Stockholders holding their shares in electronic form through brokerage accounts will see the adjustment automatically reflected, and no action is required on their part.

This information is based on a statement from Beyond Air’s filing with the SEC.

In other recent news, Beyond Air reported its fourth-quarter 2025 earnings, revealing a notable performance in earnings per share (EPS) while revenue fell short of expectations. The company achieved an EPS of -$0.09, surpassing the projected -$0.15, representing a 40% positive surprise. However, revenue was reported at $1.15 million, below the anticipated $1.38 million, marking a 16.67% negative surprise. Beyond Air also announced a significant annual revenue increase of 220% to $3.7 million, driven by strategic efforts to capture market share. Additionally, shareholders approved a proposal authorizing a reverse stock split, allowing the board to implement a split at a ratio between 1-for-10 and 1-for-50. The board now has the discretion to determine the exact timing and ratio of the reverse split within the next year. The company projects Q1 2026 revenue of $1.7 million, with expectations of significant contributions from international markets later in the year. Furthermore, Beyond Air is focusing on international expansion and cost reductions as key growth drivers.

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