Alzamend Neuro Completes $14.4 Million Initial Public Offering

Firm News

Olshan acted as counsel to Alzamend Neuro, Inc. in a $14.4 million initial public offering of 2,875,000 shares of its common stock and Nasdaq listing (ticker: ALZN). A subsidiary of Ault Global Holdings, Inc., whose Chairman is indirectly the largest single shareholder of Alzamend Neuro, purchased $10 million of the shares sold in the offering. Founded in 2016, Alzamend Neuro is developing products to treat neurodegenerative diseases and psychiatric disorders. Its lead product candidate, AL001, is an ionic cocrystal of lithium that is being developed to treat Alzheimer’s disease.

Spartan Capital Securities served as sole book-running manager for the offering.

Olshan also advises Ault Global Holdings, a NYSE-listed diversified holding company focused on disruptive technologies. This transaction marks Ault Global Holdings’ first of several potential “carve-out” IPOs for its affiliated companies. 

The Olshan team was led by corporate partners Spencer G. Feldman and Kenneth A. Schlesinger, and included corporate law clerk Zachary E. Freedman. 

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.