secwatch.observer — SEC 8-K summary
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Issuer:     TAO Synergies Inc. (TAOX)
CIK:        0001571934
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001104659-22-121017
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptogenix creates Series B Convertible Preferred, closes $15M private placement
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- Issued Series B Convertible Preferred Stock with initial conversion price of $7.75 per share.
- Gross proceeds of $15 million from private placement of Preferred Shares and warrants.
- Preferred Shares carry 7% annual dividend (15% on trigger events), payable in cash or common stock.
- Mandatory redemption in 15 equal monthly installments starting April 1, 2023, payable in cash or stock.
- Company must seek stockholder approval by March 1, 2023 to issue over 19.9% of outstanding common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571934/000110465922121017/0001104659-22-121017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571934/000110465922121017/tm2231102d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-121017

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