other material
confidence high
sentiment negative
materiality 0.50
Alzamend Neuro announces 1-for-9 reverse stock split effective May 12 to maintain Nasdaq listing
Alzamend Neuro, Inc.
- Shares outstanding reduce from ~7,208,591 to ~800,954 at 1-for-9 ratio.
- Split effective May 12, 2025; trading symbol remains ALZN with new CUSIP 02262M605.
- Reverse split aimed at complying with Nasdaq $1.00 minimum bid price requirement.
- No fractional shares issued; holders of fractional shares will receive cash payment.
- Par value unchanged at $0.0001 per share; all options/warrants proportionally adjusted.