7,500 Series D preferred shares granted to Alzamend Neuro, Inc. (ALZN) director affiliate
Rhea-AI Filing Summary
Hyperscale Data, Inc., a director-by-deputization of Alzamend Neuro, Inc., reported that its indirectly controlled subsidiary Ault Lending, LLC received a grant of 7,500 shares of Alzamend’s Series D Convertible Preferred Stock on July 31, 2026 at a reported price of $1,000.00 per share, resulting in indirect holdings of 7,500 preferred shares.
Each Series D share has a stated value of $1,050.00 and is convertible into common stock at a variable Conversion Price. As of August 4, 2026, the Conversion Price was $1.016 per share, so each preferred share was then convertible into approximately 1,033.5 common shares. The filing also lists several existing common stock purchase warrants held indirectly through Ault Lending.
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Negative
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Insights
Analyzing...
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Hyperscale Data, Inc.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series D Convertible Preferred Stock F1, F2, F3, F4 | 7,500 | $1,000.00 | $7.50M |
| holding | Common Stock Purchase Warrants F4 | -- | -- | -- |
| holding | Common Stock Purchase Warrants F4 | -- | -- | -- |
| holding | Common Stock Purchase Warrants F4 | -- | -- | -- |
| holding | Common Stock Purchase Warrants F4 | -- | -- | -- |
Holdings After Transaction:
Series D Convertible Preferred Stock — 7,500 shares (Indirect, By Ault Lending, LLC);
Common Stock Purchase Warrants — 24,322 shares (Indirect, By Ault Lending, LLC)
Footnotes (4)
- F1. Each share of Series D Convertible Preferred Stock has a stated value of $1,050.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.2668 and (ii) 80% of the lowest closing bid price of the Common Stock during the five (5) trading days immediately prior to the date of conversion into conversion shares, but not greater than $2.00 per share (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of issuances of Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.
- F2. The Series D Convertible Preferred Stock has no expiration date.
- F3. As of August 4, 2026, the Conversion Price was $1.016 per share, so each share of Series D Convertible Preferred Stock is convertible into approximately 1,033.5 shares of Common Stock.
- F4. Ault Lending, LLC ("Ault Lending"), is a wholly-owned subsidiary of Ault Capital Group, Inc. ("ACG"). ACG is a wholly-owned subsidiary of Hyperscale Data, Inc. ("HSD"). Mr. Ault, the Executive Chairman of HSD, is deemed to have voting and investment power with respect to the securities held of record by Ault Lending.
Key Figures
Series D preferred shares acquired: 7,500 shares
Transaction price per preferred share: $1,000.00 per share
Stated value per preferred share: $1,050.00 per share
+5 more
8 metrics
Series D preferred shares acquired
7,500 shares
Grant/award acquisition on July 31, 2026 reported by Hyperscale Data via Ault Lending
Transaction price per preferred share
$1,000.00 per share
Reported price for 7,500 Series D Convertible Preferred Stock shares
Stated value per preferred share
$1,050.00 per share
Each share of Series D Convertible Preferred Stock has this stated value
Conversion Price floor
$0.2668 per share
Lower bound in the formula for converting Series D preferred into common stock
Conversion Price cap
$2.00 per share
Upper limit on the Conversion Price for Series D preferred conversions
Conversion Price as of August 4, 2026
$1.016 per share
Used to determine common shares issuable per Series D share on that date
Common shares per preferred share at $1.016
1,033.5 shares
Approximate common shares into which each Series D share was then convertible
Warrant exercise price example
$108.0000 per share
Exercise price for warrants covering 13,556 underlying common shares expiring 2029-08-01
Key Terms
Series D Convertible Preferred Stock, Conversion Price, director by deputization, stated value, +1 more
5 terms
Series D Convertible Preferred Stock financial
"7,500 shares of Alzamend’s Series D Convertible Preferred Stock on July 31, 2026"
Series D convertible preferred stock is a class of shares issued in a later-stage funding round that gives holders priority over common shareholders for payouts and often a fixed dividend, while including an option to convert those shares into common stock. It matters to investors because it affects who gets paid first if a company is sold or liquidates and can change ownership stakes and voting power when converted, similar to holding a safer ticket that can be exchanged for regular tickets later.
Conversion Price financial
"convertible into shares of Common Stock at a conversion price equal to the greater of"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
director by deputization regulatory
"may be deemed a director by deputization by virtue of their respective representation"
stated value financial
"Each share of Series D Convertible Preferred Stock has a stated value of $1,050.00"
Stated value is an accounting figure a company assigns to a share when the share has no par (legal) value; it becomes the portion of proceeds recorded as the company’s permanent capital for regulatory and bookkeeping purposes. It matters to investors because it affects the equity reported on the balance sheet and the legal limits on distributions or dividend payments, but it is not the market price — think of it as a record-keeping sticker price rather than what buyers actually pay.
Common Stock Purchase Warrants financial
"Common Stock Purchase Warrants with underlying security title Common Stock"
Common stock purchase warrants are tradable instruments that give the holder the right to buy a company’s common shares at a set price before a specified date, like a coupon that lets you purchase stock later at a fixed rate. They matter to investors because they offer a way to gain future upside if the stock rises, but when exercised they increase the number of shares outstanding and can reduce existing shareholders’ ownership and earnings per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction was reported for Alzamend Neuro (ALZN)?
Hyperscale Data, Inc., through its subsidiary Ault Lending, LLC, reported receiving a grant of 7,500 shares of Alzamend Neuro’s Series D Convertible Preferred Stock on July 31, 2026, as an indirect acquisition rather than a market purchase or sale.
What are the key economic terms of ALZN’s Series D Convertible Preferred Stock?
Each Series D Convertible Preferred share has a stated value of $1,050.00 and converts into common stock at a variable Conversion Price. The Conversion Price is subject to adjustment for lower-priced issuances and customary stock splits, dividends, combinations, or similar corporate events.
What was the Conversion Price for ALZN’s Series D preferred as of August 4, 2026?
As of August 4, 2026, the Conversion Price for Alzamend’s Series D Convertible Preferred Stock was $1.016 per share, making each preferred share then convertible into approximately 1,033.5 shares of common stock, based on the company’s stated conversion mechanics.
Who ultimately has voting and investment power over the ALZN securities in this filing?
The securities are held of record by Ault Lending, LLC, a wholly owned subsidiary of Ault Capital Group, Inc., which is wholly owned by Hyperscale Data, Inc.. Mr. Ault, Executive Chairman of Hyperscale Data, is deemed to have voting and investment power over these holdings.
Does the filing for ALZN include any existing warrant positions?
Yes. The report lists indirect holdings of Common Stock Purchase Warrants through Ault Lending, including warrants with exercise prices such as $4,050.0000 and $108.0000 per share, covering underlying blocks of 988 and 13,556 common shares, with expirations between 2027 and 2029.