Beyond Air regains Nasdaq compliance after reverse stock split
Beyond Air regains Nasdaq compliance after reverse stock split
Beyond Air, Inc. (NASDAQ:XAIR) announced Thursday that it has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The update was disclosed in a press release statement and detailed in a filing with the Securities and Exchange Commission.The compliance news comes as the stock trades at $5.56, down nearly 90% over the past year and roughly 94% below its 52-week high of $95.60. The company’s market capitalization now stands at just $4.08 million.
According to the company, Beyond Air had previously received notice from Nasdaq on April 7, 2026, indicating non-compliance with the minimum bid price rule, which requires listed securities to maintain a closing bid price of at least $1.00 per share. On May 28, 2026, a Nasdaq Hearings Panel granted Beyond Air continued listing on the condition that it meet the bid price requirement by July 31, 2026.
To address the issue, Beyond Air implemented a 1-for-20 reverse stock split of its common stock on July 13, 2026. Nasdaq confirmed on Thursday that the company’s common stock maintained a closing bid price of $1.00 or higher for 17 consecutive trading days from July 13 through August 4, 2026, thereby satisfying the panel’s requirements.
Nasdaq also notified Beyond Air that a Discretionary Panel Monitor will be in place for one year from the date of compliance. If Beyond Air fails to meet any continued listing requirement during this period, Nasdaq staff will issue a delisting determination, and the company will be required to schedule a new hearing before the panel. During the monitor period, the company is not permitted to submit a compliance plan for any new deficiency, and no additional time to regain compliance will be granted.
Beyond Air’s common stock continues to trade on The Nasdaq Stock Market LLC under the symbol XAIR. The information in this article is based on a press release statement and the company’s filing with the SEC.
In other recent news, Beyond Air announced a significant increase in fiscal 2026 revenue, which more than doubled to $7.7 million from $3.7 million the previous year. The company moved closer to achieving gross-profit profitability, reporting a positive gross profit of $300,000. Beyond Air’s net loss narrowed to $33.2 million, or $4.01 per share, down from $46.6 million, or $13.77 per share, the previous year. Despite these financial improvements, shares saw a decline of 9.85% in premarket trading. The company’s stock price remained near the lower end of its 52-week range. These developments reflect the company’s ongoing efforts to enhance its financial standing.