Dilution profile // every instrument, one screen, from SEC filings

Alzamend Neuro, Inc. (ALZN)

CIK 1677077 · all EDGAR filings →

Overall dilution risk
MEDIUMworst of 4 computed sub-ratings (cash need)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
LOWno live registration found
= is there a registration (S-1/S-3 family) on file without a later withdrawal
Overhead supply
LOWwarrants = 3% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-95% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
MEDIUM~11.3 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-07-202026-09-10

Latest: 4.8M shares as of Sep 10, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-09-10
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →
Share count fell from 96.9M to 7.1M between Sep 12, 2023 and Dec 14, 2023, a pattern consistent with a reverse split (roughly 1-for-14); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Warrant6111,111$112.5——
Warrant422,222$112.5——
Warrant317,778$112.5——
Warrant213,333$112.5——
Warrant18,889$112.5——
Warrant58,889$112.5——

Tranches exactly as the company dimensioned them in its 10-K filed Jul 22, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 135,433 underlying shares, as reported Jul 31, 2026 (10-Q).

Reported exercise price: $24.35 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 5.0M = 4.8M O/S + 135,433 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Sep 10, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding4.8MSep 10, 2026
+ Warrant6 (if exercised)111,111Apr 30, 2026
+ Warrant4 (if exercised)22,222Apr 30, 2026
+ Warrant3 (if exercised)17,778Apr 30, 2026
+ Warrant2 (if exercised)13,333Apr 30, 2026
+ Warrant1 (if exercised)8,889Apr 30, 2026
+ Warrant5 (if exercised)8,889Apr 30, 2026
Fully diluted estimate5.0M+3.8% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Last 12 months: 2 executed · 1 registered.

WITHDRAWNOct 9, 2026Registration withdrawnRW →
REGISTEREDAug 21, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
EXECUTEDAug 3, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDMar 6, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDOct 9, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDSep 25, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDAug 1, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATEApr 9, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEApr 8, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMar 27, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDMar 13, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDFeb 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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