SCHEDULE 13G/A: Avenue Capital Entities Disclose Significant Beneficial Ownership in Beyond Air, Inc.

A group of investment entities managed by Avenue Capital Management II, L.P., including Marc Lasry, have disclosed an aggregate beneficial ownership of 8.86% in Beyond Air, Inc. as of December 31, 2024.

Summary

• A Schedule 13G/A filing indicates that Avenue Capital Management II, L.P. and its affiliated funds and entities, including Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P., collectively hold a significant stake in Beyond Air, Inc.
• As of December 31, 2024, the reporting group, led by Avenue Capital Management II, L.P., beneficially owns an aggregate of 8,072,872 shares of Beyond Air, Inc. Common Stock.
• This aggregate ownership represents 8.86% of Beyond Air, Inc.'s fully diluted Common Stock, which is based on 91,162,515 shares outstanding as of the reporting date.
• Avenue Venture Opportunities Fund, L.P. directly holds 438,463 shares of common stock and 2,790,686 shares issuable upon exercise of warrants, totaling 3,229,149 shares (3.54% of the class).
• Avenue Venture Opportunities Fund II, L.P. directly holds 657,694 shares of common stock and 4,186,029 shares issuable upon exercise of warrants, totaling 4,823,723 shares (5.31% of the class).
• Avenue Capital Management II, L.P. has sole voting and dispositive power over the combined 8,072,872 shares held by the funds.
• Marc Lasry is identified as the ultimate beneficial owner of the funds, though he does not have direct voting or dispositive power over the securities held by the funds.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain qualitative information that would indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of significant ownership by an investment fund, indicating a substantial, passive investment in Beyond Air, Inc. It does not provide insights into broader industry trends or competitive positioning, but rather reflects an investment firm's portfolio allocation.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor holding nearly 9% of the company's stock may be viewed positively by some shareholders as a vote of confidence, while others might monitor for potential influence on corporate strategy, although the filing states the shares are not held for control purposes.

Key Dates

Keywords

Beyond Air Inc., Avenue Capital Management, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Warrants, Investment Fund, Marc Lasry