Microcap Ledger

Tickers · $ACOG

Alpha Cognition Inc. $ACOG

By Microcap Ledger desk · CIK 0001655923

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Biological Products, (No Diagnostic Substances)
Headquarters
Grapevine, TX
Fiscal year end
December 31
Shares outstanding
21,777,868 [10-Q 2026-08-13]
as of 2026-08-13

Sources: [10-K 2026-03-31]

What the company doesAI summary of filing

Alpha Cognition Inc. is a biopharmaceutical company developing treatments for neurodegenerative diseases, primarily Alzheimer's disease. The company's main revenue-generating product is ZUNVEYL (benzgalantamine), an acetylcholinesterase inhibitor oral tablet that received FDA approval on July 26, 2024, for mild-to-moderate Alzheimer's disease and launched commercially on March 19, 2025. The company makes money by selling ZUNVEYL directly in the United States through a specialty sales force targeting long-term care facilities, with a wholesale acquisition cost of $820 per month, and through international licensing partnerships such as an exclusive agreement with CMS International for distribution in Asia, Australia, and New Zealand. The company also has additional pre-clinical stage programs including ZUNVEYL combined with memantine for moderate-to-severe Alzheimer's disease, sublingual formulations of benzgalantamine, and other neurodegenerative disease candidates including programs for ALS and spinal muscular atrophy. [10-K 2026-03-31]

Segments: ZUNVEYL (benzgalantamine) delayed release oral tablet, ZUNVEYL + memantine combination therapy, ALPHA-1062 sublingual formulation, Progranulin-based programs (ALPHA-0602, ALPHA-0702, ALPHA-0802)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$9.63M−$15.27M −$18.66M$41.38M[10-Q 2026-08-13]
FY ended Dec 2025$10.22M−$20.67M −$20.38M$66.05M[10-K 2026-03-31]
FY ended Dec 2024—−$14.79M −$7.76M$48.55M[10-K 2026-03-31]
Quarterly cash burn
−$9.33M
Cash runway Estimate
~13.3 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-1415,531,282[10-Q 2024-11-14]
2025-03-3116,019,787[10-K 2025-03-31]
2025-05-1516,019,787[10-Q 2025-05-15]
2025-08-1416,160,787[10-Q 2025-08-14]
2025-11-1321,742,104[10-Q 2025-11-13]
2026-03-3121,774,104[10-K 2026-03-31]
2026-05-1421,774,104[10-Q 2026-05-14]
2026-08-1321,777,868[10-Q 2026-08-13]
Shelf registration
S-3 filed 2025-08-22; declared effective 2025-08-29 [S-3 2025-08-22]

Listing status

Current status: No Form 8-K Item 3.01 (listing notice) filings in the last 24 months, as of 2026-10-11.

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-10-01Opaleye Management Inc.buy19,050$8.69[4 2026-10-02]
2026-09-25Opaleye Management Inc.buy13,426$8.47[4 2026-09-28]
2026-09-24Opaleye Management Inc.buy18,337$8.57[4 2026-09-28]
2026-09-16Opaleye Management Inc.buy53,029$8.57[4 2026-09-16]
2026-09-16Opaleye Management Inc.buy27,141$8.40[4 2026-09-16]
2026-09-15Opaleye Management Inc.buy3,375$8.54[4 2026-09-16]
2026-09-14Opaleye Management Inc.buy40,373$8.70[4 2026-09-16]
2026-08-21Wills Robert Jamesbuy10,000$9.62[4 2026-08-24]
2026-08-03Opaleye Management Inc.buy50,000$8.00[4 2026-08-04]
2026-07-31Opaleye Management Inc.buy2,900$7.92[4 2026-08-04]
2026-07-24Opaleye Management Inc.buy130$7.90[4 2026-07-28]
2026-07-23Opaleye Management Inc.buy49,849$7.80[4 2026-07-24]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.