Beyond Air, Inc. (XAIR) Announces $20.6M Share Offering
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Beyond Air Announces $20.6 Million Private Placement Offering Priced At-the-Market Under Nasdaq Rules
September 27, 2024 7:30 AM EDT Financing strengthens balance sheet and is expected to provide sufficient cash runway through June 2026
      Retiring $17.5 million in Avenue Capital debt, aided by $11.5 million in new debt from insider-led group; eliminates $12 million in scheduled debt payments through June 2026
Avenue Capital, current insiders, and select group of healthcare-focused investment funds participated in the equity offering
GARDEN CITY, N.Y., Sept. 27, 2024 (GLOBE NEWSWIRE) -- Â Beyond Air, Inc. (NASDAQ: XAIR) (Beyond Air or the Company), a commercial stage medical device and biopharmaceutical company focused on... More
