Beyond Air, Inc. (NASDAQ:XAIR), a commercial-stage medical device and biopharmaceutical company focused on harnessing the power of nitric oxide (NO) to improve patients' lives, today announced that the Nasdaq Hearings Panel (the "Panel") has granted the Company's request to continue its listing on The Nasdaq Stock Market, subject to regaining compliance with the Nasdaq Stock Market LLC's ("Nasdaq" or the "Exchange") Listing Rule 5550(a)(2) (the "Bid Price Rule") by July 31, 2026. The Company is fully compliant with all other continued listing requirements.

As previously disclosed, Beyond Air's shareholders will vote on a proposal authorizing a reverse stock split at the Company's special meeting of stockholders on June 18, 2026. If approved, the Company expects to implement the reverse stock split at a ratio deemed appropriate by its Board of Directors to facilitate regaining compliance with the Nasdaq bid price requirement.