05:47 PM EDT, 10/13/2025 (MT Newswires) -- TAO Synergies ( TAOX ) said late Monday it has struck a deal to sell 11,000 shares of its newly issued Series E convertible preferred stock to existing investors, strategy advisor James Altucher and a new investor, DCG, for a $11 million financing.

The company said the preferred stock has a conversion price of $8.00 per share. It said the stock is also attached with five-year warrants with an exercise price of $8.00 per share.

The transaction is expected to close Oct. 15, it added.