Alzamend Neuro announces one-for-ten reverse stock split

Alzamend Neuro announced that Alzamend’s board of directors approved a one-for-ten reverse stock split of Alzamend’s common stock that will be effective in the State of Delaware at 12:01 a.m. Eastern Time on July 16. Beginning with the opening of trading on July 16, the company’s common stock will trade on Nasdaq on a split-adjusted basis under the company’s existing trading symbol (ALZN). The new CUSIP number for the common stock will be 02262M506. The reverse stock split is part of the company’s plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on Nasdaq, among other benefits.