An announcement from Beyond Air (XAIR) is now available.
A company trading on the Nasdaq has been warned that its stock price has fallen below the $1.00 minimum requirement for the past 30 days, risking its listing status. The company has 180 days until February 4, 2025, to fix the issue by maintaining a closing bid price of at least $1.00 for ten consecutive days. If unsuccessful, they may be delisted but can appeal or request an additional 180 days to comply by meeting specific criteria. Meanwhile, Amir Avniel, who held multiple roles, will resign from the board and as Chief Business Officer on August 15, 2024, to focus on leading an autism program, but will stay on as President of a subsidiary. His departures are on good terms without any conflicts.
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