SCHEDULE: Balyasny Asset Management Boosts Beyond Air Stake to 9.27%

Balyasny Asset Management and its affiliates reported a 9.27% beneficial ownership stake in Beyond Air, Inc., totaling 763,266 shares.

Summary

• Balyasny Asset Management L.P., along with BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny (collectively, the "Reporting Persons"), filed an Amendment No. 3 to their Schedule 13G.
• The Reporting Persons collectively beneficially own 763,266 shares of Beyond Air, Inc.'s Common Stock, representing approximately 9.27% of the class.
• This ownership includes 299,104 shares of Common Stock issuable upon the exercise of Warrants.
• The beneficial ownership percentage is based on 7,934,767 shares outstanding as of September 30, 2025, as reported in Beyond Air, Inc.'s Form S-3 filed on the same date.
• Atlas Diversified Master Fund, Ltd. (ADMF), a Cayman Islands exempted company and an investment management client of Balyasny Asset Management L.P., is the direct holder of these securities.

Sentiment

Score: 6

Explanation: The filing is primarily a factual disclosure of beneficial ownership. The continued significant stake by a prominent institutional investor like Balyasny Asset Management can be interpreted as a moderately positive signal, indicating sustained interest in Beyond Air, Inc.

Positives

• A significant institutional investor, Balyasny Asset Management, maintains a substantial stake (9.27%) in Beyond Air, Inc., which can be viewed as a vote of confidence in the company's long-term prospects.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Beyond Air, Inc.'s future performance.

Industry Context

This filing represents a routine disclosure of institutional ownership, indicating that a major investment firm continues to hold a significant stake in Beyond Air, Inc. Such disclosures are common in the financial industry and provide transparency regarding large shareholder positions.

Stakeholder Impact

• Shareholders may view the continued significant institutional ownership by Balyasny Asset Management as a positive indicator of confidence in Beyond Air, Inc.'s value proposition.

Key Dates

Recommendation

The filing indicates a significant institutional stake by Balyasny Asset Management, suggesting continued interest in Beyond Air, Inc. However, a Schedule 13G primarily discloses ownership and does not provide operational or financial performance data to warrant a stronger buy or sell recommendation. Investors should consider this ownership alongside other fundamental and technical analysis.

Keywords

Beyond Air, Balyasny Asset Management, Schedule 13G, Institutional Ownership, Common Stock, Equity Stake, Investment, 08862L202