SCHEDULE: Balyasny Asset Management Discloses 5.3% Stake in Beyond Air

Balyasny Asset Management L.P. and affiliated entities have reported beneficial ownership of 5.3% of Beyond Air, Inc.'s common stock, including shares issuable upon warrant exercise.

Summary

• Balyasny Asset Management L.P. and its affiliated entities (collectively, the 'Reporting Persons') have filed a Schedule 13G, indicating beneficial ownership of 763,266 shares of Beyond Air, Inc. common stock.
• This ownership stake represents approximately 5.3% of the company's outstanding common stock as of June 26, 2026.
• The reported shares include 464,162 directly owned shares and 299,104 shares issuable upon the exercise of warrants.
• These warrants are subject to a Beneficial Ownership Limitation, preventing exercise if it would result in beneficial ownership exceeding 9.99% of outstanding shares.
• The Reporting Persons are Balyasny Asset Management L.P., BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny.
• The principal business address for all reporting persons is 444 West Lake Street, 50th Floor, Chicago, IL 60606.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, reflecting a significant but not dominant ownership stake by a major asset manager, indicating market interest without immediate takeover signals.

Positives

• Significant institutional interest in Beyond Air, Inc. as evidenced by the 5.3% stake held by Balyasny Asset Management.
• The inclusion of shares issuable upon warrant exercise suggests potential for increased ownership and confidence in the company's future.

Negatives

• The Beneficial Ownership Limitation on warrants may restrict the full exercise of these instruments, capping potential ownership increases.

Risks

• The filing does not explicitly detail specific risks related to Beyond Air, Inc.'s business operations or financial performance.

Future Outlook

The filing does not contain forward-looking statements or specific guidance from the company. The inclusion of warrants suggests a potential future increase in ownership, contingent on the Beneficial Ownership Limitation.

Management Comments

• The filing certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that significant ownership filings by large asset managers like Balyasny Asset Management often signal increased institutional interest and can precede further strategic developments or analyst coverage for companies in the biotechnology or medical device sectors, where Beyond Air operates.

Stakeholder Impact

• Shareholders may see increased market interest and potential volatility due to the significant stake held by a major asset manager.
• The filing indicates a passive investment approach, suggesting no immediate intent to influence corporate control, which may be reassuring to existing management and board.

Next Steps

• Monitoring of Balyasny Asset Management's ownership levels and any subsequent filings.
• Observation of Beyond Air, Inc.'s strategic and operational developments.

Key Dates

Keywords

Beyond Air, Balyasny Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Investment Management