Alzamend Neuro, Inc. (ALZN) Form S-1 — Aug 21, 2026
Alzamend Neuro filed an S-1 registering the resale of up to 98,388,305 shares of common stock by Ault Lending, LLC, consisting of conversion shares issuable upon conversion of 25,000 shares of Series D Convertible Preferred Stock sold under a $25 million committed equity financing agreement dated July 31, 2026.
Key figures
- Gross Proceeds
- Up to $25,000,000 to the company from Series D preferred sales; $0 from the registered resales
- Shares Offered
- 98388305
- Shares Outstanding
- 4,825,723 pre-offering; 103,214,028 pro forma after full conversion
- Second Closing
- $2,500,000
- Initial Closing
- $7,500,000
- Liquidated Damages
- 2% monthly, capped at 15%
- Nasdaq Limit Shares
- 964662
- Sec Registration Fee
- $20,347.17
- Pre Deal Closing Price
- $1.35 (Jul 30, 2026)
- Conversion Floor Price
- $0.2668
- Monthly Closing Amount
- $1,000,000
- Last Reported Sale Price
- $1.63 (Aug 20, 2026)
- Beneficial Ownership Cap
- 4.99% (increaseable to 9.99%)
- Conversion Maximum Price
- $2.00
- Total Estimated Expenses
- $70,347
- Max Aggregate Offering Price
- $147,336,486.74
- Stated Value Per Preferred Share
- $1,050
Price after filing
1 day: -4.3%7 days: +1.8%30 days: +16.0%
Close on the filing date to close N calendar days later (from $1.63). Historical, not a forecast.
AI analysis
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