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NASDAQ-listed TAO Synergies Announces Private Placement Financing
Summary: According to reports, NASDAQ-listed TAO Synergies Inc. (NASDAQ: TAOX) has announced the completion of a $11 million private placement financing. The funding round was led by existing shareholders, TAO strategic advisor James Altucher, and new investor DCG. The financing involves the issuance of 11,000 shares of newly issued Series E convertible preferred stock, with a ...
According to reports, NASDAQ-listed TAO Synergies Inc. (NASDAQ: TAOX) has announced the completion of a $11 million private placement financing. The funding round was led by existing shareholders, TAO strategic advisor James Altucher, and new investor DCG. The financing involves the issuance of 11,000 shares of newly issued Series E convertible preferred stock, with a face value of $1,000 per share, convertible into common stock at a conversion price of $8 per share. Additionally, five-year warrants for common stock were issued with an exercise price of $8 per share.
James Altucher stated that this financing will further support the company's strategic investments in TAO tokens and potential opportunities to generate revenue and accumulate more TAO within the Bittensor ecosystem. The transaction is expected to be completed around October 15th.
