Alzamend Neuro Announces Reverse Stock Split ATLANTA, GA

Alzamend Neuro Announces Reverse Stock Split

ATLANTA, GA, July 12, 2024 -- Alzamend

Neuro, Inc. (Nasdaq: ALZN) ("Alzamend" or the "Company"), a clinical-stage biopharmaceutical

company focused on developing novel products for the treatment of Alzheimer's disease ("Alzheimer's"),

bipolar disorder ("BD"), major depressive disorder ("MDD") and post-traumatic stress disorder ("PTSD"),

today announced that Alzamend's board of directors approved a one-for-ten reverse stock split of Alzamend's common stock ("Common

Stock") that will be effective in the State of Delaware at 12:01 a.m. Eastern Time on July 16, 2024. Beginning with the opening

of trading on July 16, 2024, the Company's Common Stock will trade on The Nasdaq Capital Market on a split-adjusted basis under

the Company's existing trading symbol "ALZN". The new CUSIP number for the Common Stock will be 02262M506. The reverse

stock split is part of the Company's plan to regain compliance with the Minimum Bid Price Requirement of $1.00 per share required

to maintain continued listing on The Nasdaq Capital Market, among other benefits.

The reverse stock split affects

all issued and outstanding shares of the Company's Common Stock, as well as the number of shares of Common Stock available for issuance

under the Company's equity incentive plans. In addition, the reverse stock split reduces the number of shares of Common Stock issuable

upon the exercise of stock options or warrants outstanding immediately prior to the reverse split. The par value of the Company's

Common Stock will remain unchanged at $0.0001 per share after the reverse stock split. The reverse stock split affects all stockholders

uniformly and will not alter any stockholder's percentage interest in the Company's equity, except to the extent that the

reverse stock split results in some stockholders owning a fractional share. No fractional shares will be issued in connection with the

reverse split. Stockholders who would otherwise be entitled to receive a fractional share will instead receive a cash payment.

Computershare Trust Company,

N.A. ("Computershare"), is acting as the exchange agent and transfer agent for the reverse stock split. Computershare

will provide instructions to stockholders for receiving payment for any fractional shares.

About Alzamend Neuro

Alzamend Neuro is a clinical-stage biopharmaceutical

company focused on developing novel products for the treatment of Alzheimer's, BD, MDD and PTSD. Our mission is to rapidly develop

and market safe and effective treatments. Our current pipeline consists of two novel therapeutic drug candidates, AL001 - a patented ionic

cocrystal technology delivering lithium via a therapeutic combination of lithium, salicylate and L-proline, and ALZN002 - a patented method

using a mutant-peptide sensitized cell as a cell-based therapeutic vaccine that seeks to restore the ability of a patient's immunological

system to combat Alzheimer's. Both of our product candidates are licensed from the University of South Florida Research Foundation,

Inc. pursuant to royalty-bearing exclusive worldwide licenses.

Forward-Looking Statements

This press release contains "forward looking

statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange

Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or

refer to future events or conditions, and include words such as "believes," "plans," "anticipates,"

"projects," "estimates," "expects," "intends," "strategy," "future,"

"opportunity," "may," "will," "should," "could," "potential,"

or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based

on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they

are made, and Alzamend undertakes no obligation to update any of them publicly in light of new information or future events. Actual results

could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including

potential risk factors, that could affect Alzamend's business and financial results are included in Alzamend's filings with

the U.S. Securities and Exchange Commission. All filings are available at www.sec.gov and on Alzamend's

website at www.Alzamend.com.

Email: Info@Alzamend.com or

call: 1-844-722-6333