Listed on U.S. stock market TAO Treasury Company TAO Synergies completes $11 million private placement financing

Techub News, TAO treasury company TAO Synergies Inc. (Nasdaq: TAOX) has completed a $11 million private placement, with participation from DCG and individual investor James Altucher. Priced above the five-day moving average price, the transaction involved the sale of 11,000 newly issued Series E convertible preferred shares of the company, with a par value of $1,000 per share, convertible into the company's common stock, and accompanied by five-year common stock purchase warrants. The conversion price for the Series E preferred shares is $8.00 per share, and the exercise price for the warrants is $8.00 per common share. The transaction is expected to be completed around October 15, 2025, subject to the satisfaction of customary closing conditions.