Xwing Raises $40M at $400M Valuation
20 Apr, 2021
– Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company, announced today that its wholly owned subsidiary, Digital Power Lending, LLC, has entered into a securities purchase agreement with Alzamend Neuro, Inc. to invest $10m in Alzamend common stock and warrants.
– Alzamend Neuro, Inc. is an early stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders.
– Alzamend currently has two product candidates, aiming to bring treatments or cures for Alzheimer’s disease and other neurodegenerative diseases and psychiatric disorders to market at a reasonable cost as quickly as possible.