other material
confidence high
sentiment neutral
materiality 0.50
Alzamend Neuro amends bylaws to lower stockholder quorum to 35%, creates Series C Preferred Stock
Alzamend Neuro, Inc.
- Board reduced quorum for stockholder meetings from majority of outstanding shares to 35%.
- Filed Certificate of Designation for Series C Convertible Preferred Stock with Delaware.
- Series C issuance part of previously disclosed exchange and purchase agreement with a sophisticated investor.
- Exchange of 97.7511 shares of Series A for Series C; up to 500 additional Series C shares to be sold.