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Alzamend Neuro Receives Nasdaq Notice Over Equity Deficiency
Alzamend Neuro (ALZN) received a notice from Nasdaq regarding its stockholders’ equity falling below the required $2.5 million minimum for continued listing on the Nasdaq Capital Market. The company has 45 days to submit a compliance plan and could have up to 180 days to regain compliance. Failure to do so could lead to delisting, although Alzamend Neuro would have the right to appeal.