other material
confidence high
sentiment neutral
materiality 0.60
Alzamend Neuro announces 1-for-10 reverse stock split to regain Nasdaq compliance
Alzamend Neuro, Inc.
- Reverse split effective July 16, 2024; reduces outstanding shares from ~7.98M to ~798K.
- Split aims to meet Nasdaq minimum bid price of $1.00 per share.
- No fractional shares; cash payments for fractional shares via Computershare.
- Authorized shares and par value ($0.0001) unchanged.
- Stockholders authorized split range 1:2 to 1:20 in April; board set 1:10 in June.