0001214659-22-005991.txt : 20220428
0001214659-22-005991.hdr.sgml : 20220428
20220428170126
ACCESSION NUMBER: 0001214659-22-005991
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220426
FILED AS OF DATE: 20220428
DATE AS OF CHANGE: 20220428
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AULT MILTON C III
CENTRAL INDEX KEY: 0001212502
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40483
FILM NUMBER: 22867789
MAIL ADDRESS:
STREET 1: 15641 RED HILL AVENUE, SUITE 200
CITY: TUSTIN
STATE: CA
ZIP: 92780
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Alzamend Neuro, Inc.
CENTRAL INDEX KEY: 0001677077
STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834]
IRS NUMBER: 811822909
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0430
BUSINESS ADDRESS:
STREET 1: 3802 SPECTRUM BLVD,
STREET 2: SUITE C112C
CITY: TAMPA
STATE: FL
ZIP: 33612
BUSINESS PHONE: 844-722-6333
MAIL ADDRESS:
STREET 1: 3802 SPECTRUM BLVD,
STREET 2: SUITE C112C
CITY: TAMPA
STATE: FL
ZIP: 33612
4
1
marketforms-56056.xml
PRIMARY DOCUMENT
X0306
4
2022-04-26
0001677077
Alzamend Neuro, Inc.
ALZN
0001212502
AULT MILTON C III
11411 SOUTHERN HIGHLANDS PARKWAY
SUITE 240
LAS VEGAS
NV
89141
false
false
true
false
Common Stock
2022-04-26
4
P
false
2666667
1.50
A
9666667
I
By Digital Power Lending, LLC
Common Stock
2500000
D
Common Stock
225000
I
By Ault Alpha LP
Common Stock
14942984
I
By Ault Life Sciences, Inc.
Common Stock
10000000
I
By Ault Life Sciences Fund, LLC
Warrants
3.00
2022-04-26
4
J
false
1333333
0
A
2022-04-26
2027-04-25
Common Stock
1333333
1333333
I
By Digital Power Lending, LLC
Warrants
3.00
2021-08-08
2026-08-07
Common Stock
666667
666667
I
By Digital Power Lending, LLC
Warrants
3.00
2021-03-09
2026-03-08
Common Stock
1333333
1333333
I
By Digital Power Lending, LLC
Warrants
3.00
2019-04-30
2024-04-29
Common Stock
5000000
5000000
I
By Ault Life Sciences Fund, LLC
Warrants
3.00
2020-08-31
2025-08-30
Common Stock
16667
16667
I
By BitNile Holdings, Inc.
In connection with a securities purchase agreement dated March 9, 2021, the Issuer agreed to sell an aggregate of 6,666,667 shares of its common stock to Digital Power Lending, LLC, for an aggregate of Ten Million Dollars ($10,000,000) (the "Transaction"). In connection with the Transaction, on April 26, 2022, DPL received warrants to purchase 1,333,333 shares of common stock as additional consideration for purchase of 2,666,667 shares of common stock for $1.50 per share.
Digital Power Lending, LLC ("DPL") is a wholly-owned subsidiary of BitNile Holdings, Inc. ("BH"). Mr. Ault, the Executive Chairman of BH, is deemed to have voting and investment power with respect to the securities held of record by DPL.
Milton C. Ault, III, is the Manager of Ault Alpha GP LLC ("Ault GP") and Ault Capital Management LLC ("AC Management"). Ault GP and AC Management are the general partner and investment manager to Ault Alpha LP, respectively. As such, Mr. Ault is deemed to beneficially own the shares held by Ault Alpha LP.
Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences, Inc.
Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences Fund, LLC.
The warrant may be exercised by the Holder on any day on or after the date of issuance, subject to beneficial ownership blocker provisions contained therein.
Mr. Ault serves as Executive Chairman of BH and is deemed to have voting and investment power with respect to the securities held of record by BH.
/s/ Milton C. Ault, III
2022-04-28