<SEC-DOCUMENT>0001829126-25-000683.txt : 20250204
<SEC-HEADER>0001829126-25-000683.hdr.sgml : 20250204
<ACCEPTANCE-DATETIME>20250204192415
ACCESSION NUMBER:		0001829126-25-000683
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250204

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Beyond Air, Inc.
		CENTRAL INDEX KEY:			0001641631
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				473812456
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-90353
		FILM NUMBER:		25590239

	BUSINESS ADDRESS:	
		STREET 1:		900 STEWART AVENUE
		STREET 2:		SUITE 301
		CITY:			GARDEN CITY
		STATE:			NY
		ZIP:			11530
		BUSINESS PHONE:		516-665-8200

	MAIL ADDRESS:	
		STREET 1:		900 STEWART AVENUE
		STREET 2:		SUITE 301
		CITY:			GARDEN CITY
		STATE:			NY
		ZIP:			11530

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AIT Therapeutics, Inc.
		DATE OF NAME CHANGE:	20170117

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KokiCare, Inc.
		DATE OF NAME CHANGE:	20150507

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Avenue Venture Opportunities Fund, L.P.
		CENTRAL INDEX KEY:			0001792691
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		11 WEST 42ND STREET, 9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-878-3523

	MAIL ADDRESS:	
		STREET 1:		11 WEST 42ND STREET, 9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001829126-24-006629</previousAccessionNumber>
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      <filer>
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          <ccc>XXXXXXXX</ccc>
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      <liveTestFlag>LIVE</liveTestFlag>



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    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001641631</issuerCik>
        <issuerName>BEYOND AIR, INC.</issuerName>
        <issuerCusip>08862L103</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>900 STEWART AVENUE</com:street1>
          <com:street2>SUITE 301</com:street2>
          <com:city>GARDEN CITY</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>11530</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
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        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
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      <reportingPersonName>Avenue Venture Opportunities Fund, L.P.</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
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      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3229149.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>3.54</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) Reporting Person directly holds an aggregate of (a) 438,463 shares of common stock, par value $0.0001 per share (the "Common Stock"), and (b) 2,790,686 shares of Common Stock issuable upon exercise of warrants outstanding. Aggregate ownership by Reporting Person is subject to a 9.9% limit at any one time.
(2) Percent of class is based on. 91,162,515 fully diluted shares of Common Stock of Beyond Air, Inc. (the "Issuer") outstanding as of December 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Avenue Venture Opportunities Fund II, L.P.</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>4823723.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.31</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) Reporting Person directly holds an aggregate of (a) 657,694 shares of Common Stock, and (b) 4,186,029 shares of Common Stock issuable upon exercise of warrants outstanding. Aggregate ownership by Reporting Person is subject to a 9.9% limit at any one time.
(2) Percent of class is based on 91,162,515 fully diluted shares of Common Stock of Issuer outstanding as of December 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Avenue Capital Management II, L.P.</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>8072872.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>8072872.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8072872.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>8.86</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) Avenue Capital Management II, L.P. is a registered investment adviser and is the manager ("Manager") of each of Avenue Venture Opportunities Fund, L.P. ("Fund") and Avenue Venture Opportunities Fund II, L.P. ("Fund II", and with Fund, the "Funds"). The general partner of each of Fund and Fund II has delegated all management authority to Manager and therefore, Manager has sole voting and dispositive power over all securities of Issuer held by the Funds but disclaims beneficial ownership thereof except to the extent of its pecuniary interest, if any, therein.
(2) Percent of class is based on 91,162,515 fully diluted shares of Common Stock of Issuer outstanding as of December 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Avenue Venture Opportunities Partners, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3229149.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>3.54</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) Avenue Venture Opportunities Partners, LLC ("AVOP") is the general partner of Fund and has delegated voting and dispositive power over securities held by Fund to Manager. AVOP disclaims beneficial ownership of securities held by Fund, except to the extent of its pecuniary interest, if any, therein.
(2) Percent of class is based on 91,162,515 fully diluted shares of Common Stock of Issuer outstanding as of December 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Avenue Venture Opportunities Partners II, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>4823723.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.31</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) Avenue Venture Opportunities Partners II, LLC ("AVOPII") is the general partner of Fund II and has delegated voting and dispositive power over securities held by Fund II to Manager. AVOPII disclaims beneficial ownership of securities held by Fund II, except to the extent of its pecuniary interest, if any, therein.
(2) Percent of class is based on 91,162,515 fully diluted shares of Common Stock of Issuer outstanding as of December 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>GL Venture Opportunities Partners, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3229149.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>3.54</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) GL Venture Opportunities Partners, LLC ("GLVOP") is the managing member of AVOP, the general partner of Fund. GLVOP has no voting or dispositive power over securities held by Fund and disclaims beneficial ownership of securities held by Fund, except to the extent of its pecuniary interest, if any, therein.
(2) Percent of class is based on 91,162,515 fully diluted shares of Common Stock of Issuer outstanding as of December 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>GL Venture Opportunities Partners II, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>4823723.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.31</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) GL Venture Opportunities Partners II, LLC ("GLVOPII") is the managing member of AVOPII, the general partner of Fund II. GLVOPII has no voting or dispositive power over securities held by Fund II and disclaims beneficial ownership of securities held by Fund II, except to the extent of its pecuniary interest, if any, therein.
(2) Percent of class is based on 91,162,515 fully diluted shares of Common Stock of Issuer outstanding as of December 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Marc Lasry</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8072872.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>8.86</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>(1) Marc Lasry is the beneficial owner of GLVOP and GLVOPII and therefore, is the ultimate beneficial owner of the Funds. Mr. Lasry does not have voting or dispositive power over securities held by the Funds.
(2) Percent of class is based on 91,162,515 fully diluted shares of Common Stock of Issuer outstanding as of December 31, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>BEYOND AIR, INC.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>900 Stewart Avenue, Suite 301, Garden City, NY 11530</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Avenue Venture Opportunities Fund, L.P.,
Avenue Venture Opportunities Fund II, L.P.,
Avenue Capital Management II, L.P.,
Avenue Venture Opportunities Partners, LLC,
Avenue Venture Opportunities Partners II, LLC,
GL Venture Opportunities Partners, LLC,
GL Venture Opportunities Partners II, LLC,
Marc Lasry</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Avenue Capital Group
11 West 42nd Street, 9th Floor,
New York, New York 10036</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Avenue Venture Opportunities Fund, L.P., Avenue Venture Opportunities Fund II, L.P., Avenue Capital Management II, L.P., Avenue Venture Opportunities Partners, LLC, Avenue Venture Opportunities Partners II, LLC, GL Venture Opportunities Partners, LLC, and GL Venture Opportunities Partners II, LLC are organized under the laws of the State of Delaware.
Marc Lasry is a U.S. citizen.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>The information required by this Item 4(a) is set forth in Row (9) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.</amountBeneficiallyOwned>
        <classPercent>The information required by this Item 4(b) is set forth in Row (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>The information required by this Item 4(c)(i) is set forth in Row (5) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>The information required by this Item 4(c)(ii) is set forth in Row (6) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>The information required by this Item 4(c)(iii) is set forth in Row (7) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>The information required by this Item 4(c)(iv) is set forth in Row (8) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.</certifications>
      </item10>
    </items>
    <exhibitInfo>Exhibit 99.1 Power of Attorney dated January 28, 2019 (filed as Exhibit 99.1 to Schedule 13G on October 3, 2024).
https://www.sec.gov/Archives/edgar/data/1792691/000182912624006629/beyondair_ex99-1.htm

Exhibit 99.2 Joint Filing Agreement dated October 3, 2024 (filed as Exhibit 99.2 to Schedule 13G on October 3, 2024).
https://www.sec.gov/Archives/edgar/data/1792691/000182912624006629/beyondair_ex99-2.htm</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Avenue Venture Opportunities Fund, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Andrew Schinder</signature>
        <title>Andrew Schinder Attorney-in-Fact for Marc Lasry, Member, Avenue Venture Opportunities Fund, L.P.</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Avenue Venture Opportunities Fund II, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Andrew Schinder</signature>
        <title>Andrew Schinder Attorney-in-Fact for Marc Lasry, Member, Avenue Venture Opportunities Fund II, L.P.</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Avenue Capital Management II, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Andrew Schinder</signature>
        <title>Andrew Schinder Attorney-in-Fact for Marc Lasry, Member, Avenue Capital Management II, L.P.</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Avenue Venture Opportunities Partners, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Andrew Schinder</signature>
        <title>Andrew Schinder Attorney-in-Fact for Marc Lasry, Member, Avenue Venture Opportunities Partners, LLC</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Avenue Venture Opportunities Partners II, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Andrew Schinder</signature>
        <title>Andrew Schinder Attorney-in-Fact for Marc Lasry, Member, Avenue Venture Opportunities Partners II, LLC</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>GL Venture Opportunities Partners, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Andrew Schinder</signature>
        <title>Andrew Schinder Attorney-in-Fact for Marc Lasry, Member, GL Venture Opportunities Partners, LLC</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>GL Venture Opportunities Partners II, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Andrew Schinder</signature>
        <title>Andrew Schinder Attorney-in-Fact for Marc Lasry, Member, GL Venture Opportunities Partners II, LLC</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Marc Lasry</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Andrew Schinder</signature>
        <title>Marc Lasry Attorney-in-Fact for Marc Lasry</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
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