TAO Synergies Inc. (NASDAQ: TAOX) has successfully completed an $11 million private placement to bolster its TAO token strategy. The financing round was led by existing shareholder and strategic advisor James Altucher, alongside new investor DCG. The company issued 11,000 E-series convertible preferred shares, each valued at $1,000, convertible into common stock at $8 per share. Additionally, five-year warrants for common stock at an $8 exercise price were included. The funds will be directed towards strategic investments in the TAO token and exploring revenue opportunities within the Bittensor ecosystem. The transaction is set to close around October 15.