Alzamend Neuro Announces Initial Closing of Private Placement
Alzamend Neuro, Inc. (ALZN)
Company Research
Source: Business Wire
Investor had agreed to purchase up to $25 million of preferred sharesAlzamend expects to use proceeds to further its clinical trials and working capital purposes ATLANTA--(BUSINESS WIRE)--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 closed upon the initial tranche of a private placement (the “Private Offering”) pursuant to the Securities Purchase Agreement (the “Agreement”) with an institutional investor (the “Investor”).On May 10, 2024, the Investor purchased 50 shares of Alzamend’s Series A Convertible Preferred Stock (the “Preferred Shares”) for $500,000 in the Private Offering, of which $311,356.16 (which included accrued but unpaid interest) was paid by the Investor by the surrender for cancellation of a term n
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ALZN
News
- Alzamend Neuro Announces Favorable Decision from Nasdaq Hearings PanelBusiness Wire
- Alzamend Neuro Announces Initial Closing of Private Placement [Yahoo! Finance]Yahoo! Finance
- EXCLUSIVE: Alzamend Neuro To Raise Up To $25M Via Private Placement Of Preferred Shares [Yahoo! Finance]Yahoo! Finance
- Alzamend Neuro Announces Agreement for Registered Direct Offering and Concurrent Private Placement for an Aggregate of up to $25 Million [Yahoo! Finance]Yahoo! Finance
- Alzamend Neuro Announces Agreement for Registered Direct Offering and Concurrent Private Placement for an Aggregate of up to $25 MillionBusiness Wire
ALZN
Sec Filings
- 6/26/24 - Form S-1/A
- 6/11/24 - Form DEFA14A
- 6/3/24 - Form S-1
- ALZN's page on the SEC website