* TAO Synergies (NASDAQ:TAOX [https://seekingalpha.com/symbol/TAOX]) announced on Monday that it has entered into a securities purchase agreement with existing investors, James Altucher and a new investor, DCG, for an $11 million 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.
* TAOX +0.20% after hours to $9.56.
* Source: Press Release [https://seekingalpha.com/pr/20263747-tao-synergies-announces-11-million-private-placement]
MORE ON SYNAPTOGENIX
* Financial information for Synaptogenix [https://seekingalpha.com/symbol/TAOX/income-statement]
TAO Synergies announces $11 million private placement
Published 4 weeks ago
Oct 13, 2025 at 9:15 PM
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