SplitJun 22, 2026, 04:22 PM
Beyond Air Board Approves 1-for-20 Reverse Stock Split
AI Summary
Beyond Air, Inc. announced that its stockholders approved a reverse stock split proposal at a special meeting held on June 18, 2026. Immediately following the approval, the Board of Directors authorized a 1-for-20 reverse stock split. The company intends to implement this action to increase its per share bid price above $1.00 and regain compliance with Nasdaq listing rules by the July 31, 2026 deadline, though it cannot assure the split will be implemented or achieve the desired effects.
Key Highlights
- Stockholders approved a reverse stock split proposal at a special meeting on June 18, 2026.
- The Board of Directors immediately approved a 1-for-20 reverse stock split ratio.
- The reverse stock split aims to raise the per share bid price above $1.00 for Nasdaq compliance.
- The company must demonstrate compliance with Nasdaq Listing Rule 5550(a)(2) by July 31, 2026.
- 5,177,506 votes were cast for the reverse stock split proposal.
- 1,222,793 votes were cast against the proposal.
- 12,692,684 shares of common stock were outstanding on the April 20, 2026 record date.
Price Impact
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