Beyond Air Names Douglas Larson CFO, Effective Sept. 1

(RTTNews) - Beyond Air, Inc. (XAIR) announced that it has appointed Douglas Larson as Chief Financial Officer, succeeding Douglas Beck effective September 1, 2021.

The company specified that Beck will remain a consultant to the Company and is expected to work closely with Larson and the Beyond Air leadership team to ensure a seamless transition of CFO responsibilities.

In connection with the appointment of Larson, the company granted Larson an inducement stock option award for ten-year term. The Inducement Option is being granted effective as of September 1, 2021 and is exercisable for the purchase of 75,000 shares of the Company's common stock, at an exercise price equal to the last reported sale price on Nasdaq on September 1, 2021.