SCHEDULE: Balyasny Asset Management Boosts Beyond Air Stake to 9.53%

Balyasny Asset Management and its affiliates have disclosed a 9.53% beneficial ownership stake in Beyond Air, Inc., including common stock and exercisable warrants.

Summary

• Balyasny Asset Management L.P. and its affiliated entities (BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny) collectively reported beneficial ownership of 763,266 shares of Beyond Air, Inc. common stock.
• This ownership represents approximately 9.53% of Beyond Air's outstanding common stock.
• The reported amount includes 464,162 existing common shares and 299,104 shares issuable upon the exercise of warrants.
• The warrants are subject to a beneficial ownership limitation, preventing exercise if it would result in ownership exceeding 9.99% of the outstanding shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• The beneficial ownership percentage is based on 8,009,488 shares outstanding as of November 7, 2025, as reported in Beyond Air's Form 10-Q filed on November 10, 2025.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a substantial stake by a reputable institutional investor like Balyasny Asset Management often signals confidence in the company's value proposition and future prospects.

Positives

• Significant institutional investment by Balyasny Asset Management, a prominent hedge fund, signals confidence in Beyond Air, Inc.
• A 9.53% stake indicates a substantial long-term interest from a sophisticated investor.

Risks

• The warrants held by the reporting persons are subject to a Beneficial Ownership Limitation, preventing exercise if it would result in ownership exceeding 9.99% of the outstanding shares, which could limit the immediate ability to increase their stake through warrant conversion.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain specific forward-looking statements or guidance from Beyond Air, Inc. or the reporting persons regarding the company's future performance.

Management Comments

• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Beyond Air, Inc.

Industry Context

StockSavvy.ai notes that a significant stake taken by a prominent institutional investor like Balyasny Asset Management can often be interpreted by the market as a vote of confidence in the company's long-term prospects and management strategy. This type of disclosure is common for active funds accumulating positions in public companies, particularly in sectors like healthcare or biotechnology where innovation and market potential drive investment decisions.

Comparison to Industry Standards

• StockSavvy.ai observes that a 9.53% stake is a substantial position for an institutional investor, often placing them among the top shareholders.
• While direct comparisons to specific companies or projects are not provided in this filing, such a significant holding by Balyasny Asset Management, known for its rigorous research, suggests a belief in Beyond Air's valuation or future growth potential, aligning with strategies seen in other successful institutional investments in emerging or specialized healthcare companies.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased institutional ownership may lead to greater market confidence and potentially influence stock price positively.
• Management: The presence of a significant institutional investor may lead to increased scrutiny or engagement regarding corporate strategy and performance.

Key Dates

Recommendation

While the disclosure of a significant institutional stake by Balyasny Asset Management is generally a positive signal, this filing alone does not provide sufficient operational or financial details to warrant a 'buy' or 'strong buy' recommendation. It primarily indicates a sophisticated investor's confidence. A 'hold' recommendation is appropriate, suggesting investors monitor Beyond Air's fundamental performance and Balyasny's future actions for further insights.

Keywords

Beyond Air Inc, Balyasny Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Institutional Investment, Healthcare, Biotechnology