secwatch.observer — SEC 8-K summary
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Issuer:     TAO Synergies Inc. (TAOX)
CIK:        0001571934
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001104659-24-099847
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptogenix raises $5M via Series C Convertible Preferred and warrants
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- Closed private placement of Series C Preferred (convertible at $4/share) and warrants for aggregate gross proceeds of $5M.
- Preferred carries 5% annual cash dividend, 107% quarterly amortization redemption starting Oct 31, 2024.
- Company must seek stockholder approval by Dec 31, 2024 to issue more than 19.99% of common stock upon conversion.
- Holders can force cash redemption after first anniversary; Triggering Events include failure to register shares.
- Covenants restrict indebtedness, liens, acquisitions, dividends, and asset transfers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571934/000110465924099847/0001104659-24-099847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571934/000110465924099847/tm2424042d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-099847

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