EXCLUSIVE: Alzamend Neuro To Raise Up To $25M Via Private Placement Of Preferred Shares [Yahoo! Finance]
Alzamend Neuro, Inc. (ALZN)
Company Research
Source: Yahoo! Finance
sale of 50 shares of its Series A Convertible Preferred Stock, the stated value of $10,000 per share in a registered direct offering, for $500,000. Also Read: EXCLUSIVE: Alzamend Neuro Plans To Kickstart Stress Disorder Study With Next-Gen Lithium Product Next Year Additionally, the Investor agreed to purchase up to an additional 2,450 Preferred Shares, of which 50 shares will be purchased at the initial closing and the remaining Preferred Shares over some time, as outlined in the Agreement, for an aggregate purchase of up to $25 million of Preferred Shares. Each Preferred Share shall be convertible at a conversion price equal to the greater of (i) $0.25 per share (the " Floor Price ") which Floor Price shall, except for voting rights purposes, be adjusted for stock dividends, stock splits, stock combinations and other similar transactions, and (ii) the lesser of (A) $1.50 and (B) 80% of the lowest closing price of the Common Stock during the three trading days immediately befor
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ALZN
News
- Alzamend Neuro Announces Initial Closing of Private Placement [Yahoo! Finance]Yahoo! Finance
- Alzamend Neuro Announces Initial Closing of Private PlacementBusiness Wire
- 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
- Alzamend Neuro Announces Termination of At-the-Market Equity Offering Program [Yahoo! Finance]Yahoo! Finance
ALZN
Sec Filings
- 5/16/24 - Form 5
- 5/15/24 - Form 8-K
- 5/13/24 - Form 8-K
- ALZN's page on the SEC website