other material
confidence high
sentiment neutral
materiality 0.15
Stockholders approve conversion of Series A Preferred Stock for up to $25M financing
Alzamend Neuro, Inc.
- Proposal approved with 5,356,845 votes for, 79,371 against, 3,043 abstentions; no broker non-votes.
- Conversion relates to Securities Purchase Agreement dated May 8, 2024, for total purchase price up to $25,000,000.
- Approval required under Nasdaq Rule 5635 for issuance exceeding certain share thresholds.
- Special meeting held July 8, 2024; record date May 29, 2024.