TAO Synergies Reveals $11M Private Placement

NEW YORK, Oct. 13, 2025 /PRNewswire/ -- TAO Synergies Inc. (NASDAQ:TAOX) (the "Company"), a digital asset treasury company focused on Bittensor (TAO), the premier crypto token for decentralized artificial intelligence (DeAI), today announced that it has entered into a securities purchase agreement with existing investors, James Altucher and a new investor, DCG, for a $11 million financing.

"TAO Synergies' latest financing further supports its continuing strategic investments not only in TAO tokens, but also in potential opportunities to earn revenue and accrue additional TAO within the Bittensor ecosystem," said James Altucher. "We are pleased to welcome our new strategic investor DCG, a leader in the cryptocurrency and blockchain industry and a major investor and incubator in the Bittensor ecosystem. We have strong conviction in Bittensor's vision for decentralized intelligence and believe its network model will be a key driver of innovation and value creation in the years ahead."

The financing involves the sale of 11,000 shares of the Company's newly issued Series E convertible preferred stock ("preferred stock"), with a stated value of $1,000 per share which is convertible into shares of the Company's common stock, and associated five-year common stock purchase warrants, in a private placement priced above the five-day trailing average price. The shares of Series E preferred stock have a conversion price of $8.00 per share. The warrants have an exercise price of $8.00 per common share.

The transaction is expected to close on or about October 15, 2025, subject to the satisfaction of customary closing conditions.