Home / Going-concern warnings / Alzamend Neuro, Inc.
Filed 2025-07-22 路 Form 10-K 路 Accession 0001214659-25-010763 nano
Price before filing: $3.26 (2025-07-21 close, split/dividend-adjusted)
Market cap at flag: $6.7M (2025-07-22) 路 Latest: $5.8M (2026-10-16)
| Window | ALZN | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -27.9% | +1.1% | -29.0% | 2025-08-21 |
| 90 days | -27.9% | +7.1% | -35.0% | 2025-10-20 |
| 180 days | -25.8% | +8.4% | -34.1% | 2026-01-20 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $6K (2 sales)
30 days after: 1 insider sold $628K (6 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-12 | AULT MILTON C III Director, 10% owner | Sale | 1,213 | $5.06 | $6K | no | Form 4 |
| 2025-05-12 | AULT MILTON C III Director, 10% owner | Sale | 11 | $5.28 | $58 | no | Form 4 |
| 2025-07-22: red flag filed | |||||||
| 2025-07-23 | AULT MILTON C III Director, 10% owner | Sale | 59,516 | $2.95 | $176K | no | Form 4 |
| 2025-07-24 | AULT MILTON C III Director, 10% owner | Sale | 9,621 | $2.93 | $28K | no | Form 4 |
| 2025-07-25 | AULT MILTON C III Director, 10% owner | Sale | 36,532 | $2.90 | $106K | no | Form 4 |
| 2025-07-28 | AULT MILTON C III Director, 10% owner | Sale | 8,311 | $2.68 | $22K | no | Form 4 |
| 2025-07-30 | AULT MILTON C III Director, 10% owner | Sale | 29,449 | $2.51 | $74K | no | Form 4 |
| 2025-07-31 | AULT MILTON C III Director, 10% owner | Sale | 100,000 | $2.22 | $222K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-23 to 2025-08-21. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-K (period 2025-04-30)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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