PANews reported on October 14th that according to PR Newswire, TAO Synergies Inc. (Nasdaq: TAOX), a TAO treasury company, announced that it has signed a securities subscription agreement with existing investor James Altucher and new investor DCG, securing $11 million in financing. The financing, completed through a private placement at a premium to the company's five-day moving average, involved the sale of 11,000 shares of the company's newly issued Series E convertible preferred stock, par value $1,000 per share, convertible into the company's common stock, along with five-year common stock purchase warrants. 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 share. The transaction is expected to close on or about October 15, 2025, subject to customary closing conditions.