Alzamend Neuro, Inc. (ALZN)

NCM – Real Time Price. Currency in USD

1.43

-0.04 (-2.72%)

At close: Aug 12, 2026, 3:59 PM EDT

1.44

+0.01 (0.70%)

After-hours: Aug 12, 2026, 4:10 PM EDT

04.08.2026

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

Company received $7.5 million in gross proceeds from the initial tranche of Series D Convertible Preferred Stock Agreement provides for up to $17.5 million in additional funding through subsequent tranche closings to support Alzamend's clinical programs and working capital needs ATLANTA, Aug. 4, 2026 /PRNewswire/ -- Alzamend Neuro, Inc. (Nasdaq: ALZN) ("Alzamend"), a clinical-stage biopharmaceutical company focused on developing novel products for the treatment of Alzheimer's disease ("Alzheimer's"), bipolar disorder ("BD"), major depressive disorder ("MDD") and post-traumatic stress disorder ("PTSD"), announced today that it has entered into a Securities Purchase Agreement (the "Agreement") with Ault Lending, LLC ("Ault Lending"), pursuant to which Ault Lending has agreed to purchase up to $25,000,000 of the Company's newly designated Series D Convertible Preferred Stock (the "Preferred Shares"), and closed on the initial tranche in the amount of $7.5 million. Under the terms of the Agreement, Ault Lending agreed to purchase up to 25,000 Preferred Shares at a purchase price of $1,000 per share, for an aggregate purchase price of $25,000,000, with each Preferred Share having a stated value of $1,050.

Videos

No Data

There is no data to display

Press releases

04.08.2026

Alzamend Neuro, Inc. (ALZN)

Get all premium features to the best stock analysis tool

Finranks

Company

Contact us

Follow us

Alzamend Neuro, Inc. (ALZN)

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

Videos

No Data

Press releases

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

Videos

No Data

Press releases

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

Search stocks

Alzamend Neuro, Inc. (ALZN)

Get all premium features to the best stock analysis tool

Finranks

Company

Contact us

Follow us

Alzamend Neuro, Inc. (ALZN)

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

Videos

No Data

Press releases

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

Videos

No Data

Press releases

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending