Alzamend Neuro, Inc. (ALZN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: December 09, 2025

Risk Assessment Details

Potential Dilution: 259.15% of current shares
Recent Dilution: 730.09% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3.8M
Potential Supply
9.9M
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

ALZN currently has 3.8M outstanding shares. with significant dilution risk as 9.85M authorized shares could dilute existing holders by 259.2%. The company has significantly diluted shareholders by 730.09% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 09, 2025

10-Q filing | 3.8M shares outstanding

3.8M 9.9M
Oct 09, 2025

8-K filing: Alzamend Neuro, Inc. issued 361,743 shares of common stock upon conversion of Series B Convertible Preferred Stock between October 1, 2025 and October 8, 2025.

3.8M 9.9M
Jul 22, 2025

10-K filing | 2.9M shares outstanding

2.9M 9.9M
May 12, 2025
Stock Split

8-K filing: Stock split 1-for-9 | Outstanding: 6,608,591 → 800,954

800K 9.9M
Mar 27, 2025

S-1/A filing: This prospectus relates to the resale of up to 75,775,110 shares of common stock of Alzamend Neuro, Inc. by Orchid Finance LLC.

6.6M 89M
Mar 13, 2025

S-3 filing: This prospectus relates to the resale of up to 75,775,110 shares of common stock of Alzamend Neuro, Inc. by Orchid Finance LLC, including shares to be issued upon conversion of preferred stock and exercise of a warrant.

6.6M 89M
Mar 10, 2025

10-Q filing | 6.6M shares outstanding

6.6M 13M
Mar 03, 2025

8-K filing: Alzamend Neuro, Inc. amended its bylaws to decrease the quorum requirement for a stockholder meeting from a majority to 35% and filed a Certificate of Designations for Series C Convertible Preferred Stock related to a Securities Purchase & Exchange Agreement with a sophisticated investor.

5.4M 13M
Feb 28, 2025

8-K filing: Alzamend Neuro, Inc. entered into a Securities Purchase & Exchange Agreement with a sophisticated investor to exchange Series A Convertible Preferred Stock for Series C Convertible Preferred Stock and sell up to 500 shares of Series C Convertible Preferred Stock and warrants for up to $5,000,000.00 less a five percent discount. ($1.93M proceeds)

5.4M 13M
Dec 11, 2024

10-Q filing | 5.4M shares outstanding

5.4M 13M
Sep 11, 2024

10-Q filing | 3.9M shares outstanding

3.9M 13M
Jul 30, 2024

10-K filing | 0.8M shares outstanding

840K 13M
Jul 16, 2024
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 7,981,763 → 798,176

800K 13M
Jul 03, 2024

S-1/A filing: This prospectus relates to the resale of up to 125,000,000 shares of common stock by the Selling Stockholder, consisting of shares issuable upon conversion of preferred stock and shares issuable upon exercise of warrants.

8M 130M
Jun 26, 2024

S-1/A filing: This prospectus relates to the resale of up to 125,000,000 shares of common stock of Alzamend Neuro, Inc. by Orchid Finance LLC.

7.9M 130M
Jun 03, 2024

S-1 filing: This prospectus relates to the resale of up to 125,000,000 shares of common stock of Alzamend Neuro, Inc. by Orchid Finance LLC, including shares to be issued upon conversion of preferred stock and exercise of warrants.

7.4M 130M
May 09, 2024

8-K filing: Alzamend Neuro, Inc. entered into a Securities Purchase Agreement to sell up to 2,500 shares of Series A Convertible Preferred Stock and warrants to purchase common stock for up to $25,000,000 in several tranche closings, subject to certain conditions including stockholder approval. ($25.0M proceeds)

7.1M 4M
Apr 30, 2024

8-K filing: Alzamend Neuro, Inc. sold 100 shares of Series B convertible preferred stock and warrants to purchase 100,000 shares of common stock to Ault Lending, LLC for $100,000, as part of an agreement where Ault Lending may purchase up to $6 million of Series B Preferred Stock and warrants. ($0.2M proceeds)

7.1M 4M
Mar 29, 2024

8-K filing: Alzamend Neuro, Inc. sold 780 shares of Series B convertible preferred stock and warrants to purchase 780,000 shares of common stock to Ault Lending, LLC for $780,000, completing a portion of a potential $6 million offering. ($1.56M proceeds)

7.1M 4M
Mar 25, 2024

10-Q filing | 7.1M shares outstanding

7.1M 4M
Feb 02, 2024

8-K filing: Alzamend Neuro, Inc. entered into a Securities Purchase Agreement with Ault Lending, LLC, selling 1,220 shares of Series A convertible preferred stock and warrants to purchase 1,220,000 shares of Common Stock for $1.22 million. ($1.22M proceeds)

6.6M 4M
Dec 15, 2023

10-Q filing | 6.6M shares outstanding

6.6M 4M
Oct 31, 2023
Stock Split

8-K filing: Stock split one-for-fifteen | Outstanding: 98,440,124 → 6,466,655

6.5M 4M
Sep 13, 2023

10-Q filing | 98.4M shares outstanding

98M 60M
Aug 02, 2023

S-3 filing: The company is filing an S-3 to offer and sell, from time to time, any combination of common stock, preferred stock, warrants, rights or units having an aggregate initial offering price not exceeding $25,000,000.

98M 60M
Jul 27, 2023

10-K filing | 97.5M shares outstanding

98M 4.9M
Mar 15, 2023

10-Q filing | 98.3M shares outstanding

98M 4.9M
Dec 12, 2022

10-Q filing | 97.5M shares outstanding

97M 4.9M
Sep 13, 2022

10-Q filing | 97.5M shares outstanding

97M 4.9M
Jul 19, 2022

10-K filing | 89.1M shares outstanding

89M 4.9M
Mar 15, 2022

10-Q filing | 90.1M shares outstanding

90M 4.9M
Dec 13, 2021

10-Q filing | 88.9M shares outstanding

89M 4.9M
Sep 13, 2021

10-Q filing | 86.9M shares outstanding

87M 4.9M
Jul 29, 2021

10-K filing | 67.4M shares outstanding

67M 4.9M
Jun 11, 2021

S-1/A filing: This is an S-1/A filing for the initial public offering of common stock. We are offering 2,500,000 shares of our common stock, with an expected initial price of $5.00 per share.

82M 4.9M
Jun 07, 2021

S-1/A filing: Alzamend Neuro, Inc. is offering 2,500,000 shares of common stock in its initial public offering, with an expected initial public offering price of $5.00 per share, and Digital Power Lending, LLC may purchase up to $10.0 million of common stock in this offering at the same price.

82M 4.9M
Jun 03, 2021

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock with a proposed offering of 2,500,000 shares at an expected price of $5.00 per share.

82M 2.5M
May 25, 2021

S-1/A filing: This is the initial public offering of shares of common stock of Alzamend Neuro, Inc. We are offering 2,500,000 shares of our common stock at an expected price of $5.00 per share.

82M 2.5M
May 10, 2021

S-1 filing: This is an S-1 filing for an initial public offering of common stock to fund research and development of AL001 and AL002, as well as for working capital and general corporate purposes.

82M 0
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