Beyond Air Granted Until July 31 For $1 Bid Price, Reverse Split Vote
XAIR•Nasdaq Hearings Panel granted Beyond Air continued listing, requiring compliance with the $1 minimum bid price rule by July 31, 2026. The company will hold a shareholder vote on June 18 to authorize a reverse stock split ratio set by its board to meet the bid price requirement.
1. Nasdaq Hearing Panel Decision
The Nasdaq Hearings Panel has approved Beyond Air’s request to maintain its Nasdaq listing, contingent on regaining compliance with Listing Rule 5550(a)(2) by July 31, 2026. Beyond Air currently meets all other listing requirements and must boost its share price above $1 within the specified timeframe.
2. Reverse Stock Split Proposal
Beyond Air’s board has scheduled a special meeting of stockholders for June 18, 2026, to vote on a reverse stock split. If approved, the board will determine the split ratio necessary to elevate the per-share price and satisfy Nasdaq’s bid price threshold.
3. Compliance Plan and Next Steps
Management is executing a compliance plan focused on strategic commercial initiatives and advancing its next-generation portable nitric oxide platform. Failure to meet the bid price requirement by the deadline could result in delisting, highlighting the importance of the upcoming vote and execution of the plan.
