Material Event (Form 8-K)

On April 10, 2026, Beyond Air, Inc. (the "Company") disclosed in a Current Report on Form 8-K that it had received written notice from the staff of the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq's $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing and that, absent a timely request for a hearing, the Company's common stock would be subject to delisting from Nasdaq. The Company has, on April 13, 2026, timely requested a hearing before the Nasdaq Hearings Panel (the "Panel") to appeal the Staff's determination.

As a result of the timely hearing request, any suspension or delisting action with respect to the Company's common stock is stayed pending the issuance of a written decision by the Panel following the hearing process. Accordingly, the Company's common stock is expected to continue to be listed on Nasdaq pending the outcome of the hearing. The hearing has been scheduled for May 14, 2026. There can be no assurance that the Panel will grant the Company's request for continued listing or that the Company will be able to regain compliance with applicable Nasdaq listing requirements within any compliance period that may be granted by the Panel.