Beyond Air Inc. (NASDAQ: XAIR) reminded stockholders to vote on proposals at its special meeting scheduled for June 18, 2026, at 4:30 p.m. Eastern Time. The meeting will be held at the company's Garden City, New York offices.

The company received notification from Nasdaq on April 7, 2026, stating it no longer meets the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The stock's closing bid price fell below the threshold for 30 consecutive business days.

The board unanimously recommends stockholders vote for both proposals. Proposal 1 would authorize a reverse stock split at a ratio between 1-for-2 and 1-for-20 to increase the stock price above the $1.00 minimum requirement. Proposal 2 would allow adjournment of the meeting if insufficient votes are received for Proposal 1.

"Approving the reverse stock split is a necessary and important step to protect the long-term interests of our stockholders and preserve Beyond Air's ability to remain listed on Nasdaq," said Chief Executive Officer Robert Goodman.

The company stated that failure to maintain its Nasdaq listing could limit access to capital markets, reduce stock liquidity, restrict institutional investor eligibility, and potentially trigger restructuring obligations that could result in total loss for common stockholders.

Stockholders of record as of April 20, 2026, are eligible to vote. Voting deadlines are 11:59 p.m. Eastern Time on June 17, 2026, for internet and telephone submissions. Beyond Air is a clinical-stage biopharmaceutical company developing nitric oxide generators and delivery systems for respiratory conditions.