TAO Synergies Inc. Announces $11 Million Private Placement Backed by Existing and New Investors

Reuters
Oct 14, 2025
TAO Synergies Inc. Announces $11 Million Private Placement Backed by Existing and New Investors

TAO Synergies Inc. (Nasdaq: TAOX), a digital asset treasury company focused on Bittensor $(TAO)$, has announced an $11 million private placement financing. The deal is supported by existing investors, including strategy advisor James Altucher, and welcomes new investor DCG, a prominent player in the cryptocurrency and blockchain industry. The financing involves the sale of 11,000 shares of newly issued Series E convertible preferred stock, each with a stated value of $1,000 and a conversion price of $8.00 per share, along with five-year warrants to purchase common stock at $8.00 per share. Proceeds will be used to support the company's strategic investments in TAO tokens and expand opportunities within the Bittensor ecosystem. The transaction is expected to close pending customary conditions.

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