UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 5.03 | Amendments to Articles of Incorporation; Change in Fiscal Year |
Bylaws Amendment
On February 28, 2025, the board of directors (the “Board”) of Alzamend Neuro, Inc. (the “Company”) determined that it was in the best interests of the Company and its stockholders to amend the Amended and Restated Bylaws of the Company (the “Bylaws”), and by resolution authorized, approved and adopted the First Amendment to the Amended and Restated Bylaws of the Company (the “First Amendment”). The First Amendment became effective immediately upon adoption by the Board.
The only substantive change of the First Amendment from the Bylaws was to amend Article II, Section 2.6 of the Bylaws to decrease the quorum requirement for a meeting of stockholders from a majority of the outstanding capital stock of the Company entitled to vote, represented in person or by proxy, to 35% of the outstanding capital stock of the Company entitled to vote, represented in person or by proxy.
The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the First Amendment, which is attached hereto as Exhibit 3.1, and incorporated herein by reference.
Certificate of Designations
On February 28, 2025, the Company filed a Certificate of Designations of Rights and Preferences (the “Certificate of Designation”) with the Secretary of State of the State of Delaware to establish the preferences, voting powers, limitations as to dividends or other distributions, qualifications, terms and conditions of redemption and other terms and conditions of the Company’s Series C Convertible Preferred Stock (the “Series C Preferred Stock”). As previously disclosed in a Current Report on Form 8-K (the “Form 8-K”) filed on February 28, 2025 with the Securities and Exchange Commission, on February 28, 2025, the Company entered into a Securities Purchase & Exchange Agreement with a sophisticated investor (the “Purchaser”), pursuant to which the Company agreed to (i) exchange the Purchaser’s 97.7511 shares of the Company’s Series A Convertible Preferred Stock for an equal number of shares of Series C Preferred Stock and (ii) sell to the Purchaser up to 500 shares of Series C Preferred Stock. A summary description of the terms of the Series C Preferred Stock and the general effect of the issuance of the shares of Series C Preferred Stock on the Company’s other classes of registered securities were included in the Form 8-K and are incorporated herein by reference.
The Certificate of Designation became effective upon filing, and a copy is filed as Exhibit 3.2 to this Current Report on Form 8-K. The above description of the Certificate of Designation is a summary and, as such, does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Designation, which is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits: |
Exhibit No. | Description | |
3.1 | First Amendment to the Amended and Restated Bylaws. | |
3.2 | Certificate of Designations of Preferences and Rights of Series C Preferred Stock. | |
101 | Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALZAMEND NEURO, INC. | ||
Dated: March 3, 2025 | /s/ Henry Nisser | |
Henry Nisser Executive Vice President and General Counsel |