Alzamend Neuro raises $7.5M in Series D preferred stock deal

Go back to Alzamend Neuro raises $7.5M in Series D preferred stock deal

Alzamend Neuro Announces Initial Closing of Securities Purchase Agreement with Ault Lending

August 4, 2026 8:01 AM EDT

Company received $7.5 million in gross proceeds from the initial tranche of Series D Convertible Preferred StockAgreement provides for up to $17.5 million in additional funding through subsequent tranche closings to support Alzamend's clinical programs and working capital needs

ATLANTA, Aug. 4, 2026 /PRNewswire/ --... More