secwatch.observer — SEC 8-K summary
======================================

Issuer:     TAO Synergies Inc. (TAOX)
CIK:        0001571934
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001104659-24-098800
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptogenix raises $5.0M via Series C preferred stock and warrants, convertible/exercisable at $4.00/share
--------------------------------------------------------------------------------

- Gross proceeds of $5.0M from sale of 5,000 shares of Series C convertible preferred stock (stated value $1,000) and warrants.
- Series C convertible at $4.00/share, pays 5% quarterly cash dividend; warrants exercisable at $4.00 for 5 years.
- Closing expected September 12, 2024; net proceeds for general corporate purposes, including potential R&D or acquisitions.
- CEO Alan Tuchman noted support from existing investors and aims to be strategic for growth and shareholder value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571934/000110465924098800/0001104659-24-098800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571934/000110465924098800/tm2423592d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098800

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer