TAO Synergies announces $11M private placement

TAO Synergies (TAOX) announced that it has entered into a securities purchase agreement with existing investors, James Altucher and a new investor, DCG, for a $11M financing. The financing involves the sale of 11,000 shares of the company’s newly issued Series E convertible preferred stock, with a stated value of $1,000 per share which is convertible into shares of the company’s common stock, and associated five-year common stock purchase warrants, in a private placement priced above the five-day trailing average price. The shares of Series E preferred stock have a conversion price of $8.00 per share. The warrants have an exercise price of $8.00 per common share. The transaction is expected to close on or about October 15, 2025, subject to the satisfaction of customary closing conditions.