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Filing Details

Accession Number:: 0001214659-22-005991
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-04-28 17:01:26
Reporting Period:: 2022-04-26

Accepted Time:: 2022-04-28 17:01:26
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1677077	Alzamend Neuro Inc.	ALZN	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1212502	Iii C Milton Ault	11411 Southern Highlands Parkway Suite 240 Las Vegas NV 89141		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2022-04-26	2,666,667	$1.50	9,666,667	No	4	P	Indirect	By Digital Power Lending, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Digital Power Lending, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants	Acquisiton	2022-04-26	1,333,333	$0.00	1,333,333	$3.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,333,333	2022-04-26	2027-04-25	No	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,500,000	Direct
Common Stock	225,000	Indirect	By Ault Alpha LP
Common Stock	14,942,984	Indirect	By Ault Life Sciences, Inc.
Common Stock	10,000,000	Indirect	By Ault Life Sciences Fund, LLC

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Warrants	$3.00	2021-08-08	2026-08-07	666,667	666,667	Indirect
Common Stock	Warrants	$3.00	2021-03-09	2026-03-08	1,333,333	1,333,333	Indirect
Common Stock	Warrants	$3.00	2019-04-30	2024-04-29	5,000,000	5,000,000	Indirect
Common Stock	Warrants	$3.00	2020-08-31	2025-08-30	16,667	16,667	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-08-07	666,667	666,667	Indirect
2026-03-08	1,333,333	1,333,333	Indirect
2024-04-29	5,000,000	5,000,000	Indirect
2025-08-30	16,667	16,667	Indirect

Footnotes

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.