TAO Synergies Inc. (NASDAQ: TAOX) announced the completion of a $11 million private placement financing.
The financing round was led by existing shareholders, James Altucher, strategic advisor to TAO, and new investor DCG. The financing involves the issuance of 11,000 newly issued Series E convertible preference shares at a par value of $1,000 each, convertible to common stock at a conversion price of $8 per share. Also issued are five-year common stock call warrants at a call-over price of $8 per share.
James Altucher said that the financing will further support the company's strategic investment in TAO tokens, as well as the potential opportunity to generate revenue and accumulate more TAO within the Bittensor ecosystem. The transaction is expected to close around October 15.
TAO Synergies, a US-listed TAO treasury company, completed a $11 million private equity financing
2025-10-14 00:56:26
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