Core Insights - TAO Synergies Inc. has announced a $11 million financing deal supported by existing stockholders, James Altucher, and new investor DCG [1][2] - The financing involves the sale of 11,000 shares of Series E convertible preferred stock at a stated value of $1,000 per share, convertible into common stock, along with associated five-year common stock purchase warrants [2] Financing Details - The Series E preferred stock has a conversion price of $8.00 per share, and the warrants have an exercise price of $8.00 per common share [2] - The transaction is expected to close on or about October 15, 2025, pending customary closing conditions [3] Company Overview - TAO Synergies Inc. focuses on the intersection of cryptocurrency and artificial intelligence, specifically acquiring TAO, the native cryptocurrency of Bittensor [6] - The company's strategy includes staking TAO for revenue generation and capital appreciation, aiming to create significant value for shareholders [6]