RegulatoryJun 1, 2026, 04:30 PM
Beyond Air Granted Nasdaq Listing Extension Until July 31, 2026
AI Summary
Beyond Air, Inc. announced that the Nasdaq Hearings Panel granted its request for continued listing on The Nasdaq Stock Market, subject to certain conditions. The company must regain compliance with the Nasdaq Bid Price Rule by July 31, 2026. Additionally, Beyond Air will be under a one-year Discretionary Panel Monitor, where any further non-compliance could lead to immediate delisting without a new compliance plan. Shareholders are scheduled to vote on a reverse stock split on June 18, 2026, as a measure to meet the bid price requirement.
Key Highlights
- Nasdaq Hearings Panel granted Beyond Air's request for continued listing.
- Company must comply with Nasdaq Bid Price Rule 5550(a)(2) by July 31, 2026.
- Beyond Air will be subject to a one-year Discretionary Panel Monitor after regaining compliance.
- Failure to meet any listing standard during the monitoring period will result in prompt delisting determination.
- Shareholders will vote on a reverse stock split on June 18, 2026, to help regain compliance.
- Beyond Air is currently compliant with all other Nasdaq continued listing requirements.
Price Impact
More from XAIR