UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
On September 7, 2023, Beyond Air, Inc. (the “Company”) issued a press release (the “Press Release”) announcing its entry into a distribution agreement (the “Agreement”) with Getz Healthcare to commercialize the Company’s LungFit PH device in certain countries across the Asia Pacific region. Under the terms of the Agreement, Getz Healthcare will make a milestone payment of $1,000,000 to the Company on or before 90 business days following CE mark certification of LungFit PH in Europe, and the Company will further receive ongoing royalty payments based on net sales at percentages starting in the low double-digits and peaking at 20 percent. A copy of the Press Release is attached hereto and incorporated herein by reference in its entirety as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
Description | |
99.1 | Press Release from Beyond Air, dated September 7, 2023. | |
104 | Cover Page Interactive Data File (embedded within the inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BEYOND AIR, Inc. | ||
Date: September 7, 2023 | By: | /s/ Steven A. Lisi |
Name: | Steven A. Lisi | |
Title | Chief Executive Officer |