secwatch.observer — SEC 8-K summary
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Issuer:     TAO Synergies Inc. (TAOX)
CIK:        0001571934
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001104659-23-103184
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptogenix amends Series B Preferred terms to allow stock-for-cash amortization by mutual agreement
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- Filed Certificate of Amendment on Sept. 22, 2023, modifying Series B Convertible Preferred Stock terms.
- Company and holders may mutually agree to pay monthly amortization in cash or common stock during an Equity Conditions Failure.
- Amendment also permits mutual agreement on true-up share calculation methodology and any premium for cash true-up payments.
- Goal is to conserve cash by allowing stock payments instead of cash when equity conditions fail.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571934/000110465923103184/0001104659-23-103184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571934/000110465923103184/tm2326755d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-103184

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