TAO Synergies begins trading as TAOX, focusing on TAO cryptocurrency staking.

TAO Synergies Inc., formerly Synaptogenix, has changed its ticker symbol to "TAOX" on the Nasdaq Capital Market, reflecting its strategic commitment to TAO, the leading AI cryptocurrency. The company aims to capitalize on the growth of decentralized AI and increasing institutional interest in new innovations through its digital asset treasury strategy focused on acquiring and staking TAO cryptocurrency.

TAO Synergies Inc., formerly known as Synaptogenix, has announced a significant shift in its corporate identity and trading symbol. Effective July 1, 2025, the company will begin trading on the Nasdaq Capital Market under the new ticker symbol "TAOX." This change coincides with the company's strategic rebranding to TAO Synergies Inc., reflecting its commitment to the TAO cryptocurrency, the leading AI token by market capitalization and adoption [1].

The new corporate identity underscores the company's exclusive focus on TAO as the cornerstone of its digital asset treasury strategy. TAO Synergies aims to capitalize on the growth of decentralized AI and increasing institutional interest in new innovations. The company has begun staking TAO to generate revenue and capitalize on both staking yield and the growth of the token [1].

Executive Chairman Joshua Silverman stated, "We are excited to introduce TAO Synergies Inc. and its new ticker symbol TAOX, a rebranding that aligns with our exclusive focus on TAO and its long-term growth potential. This transition represents a pivotal moment in our commitment to digital assets, positioning us to create long-term value for our shareholders. TAO's role in the AI ecosystem makes it an ideal asset to drive this new strategic direction" [1].

The company's new corporate website, to be launched this summer, will provide more information about TAO Synergies and its integration with TAO. The CUSIP for the company's common stock remains unchanged, and current stockholders are not required to take any action regarding the trading symbol change [2].

TAO Synergies Inc. is the first pure-play public company focused on the convergence between cryptocurrency and artificial intelligence (AI). Its differentiated cryptocurrency treasury strategy is centered exclusively on the acquisition of TAO, the native cryptocurrency of Bittensor, a decentralized blockchain network for machine learning and AI [1].

The company's strategy involves staking TAO for revenue generation and capital appreciation, a move that underscores its mission to create significant value for shareholders. Synaptogenix, now TAO Synergies, has engaged BitGo, the leading infrastructure provider of digital asset solutions, to provide custody, trading, and staking capabilities for its TAO holdings. BitGo will secure the company's digital assets in regulated, insured cold storage and facilitate planned acquisitions of TAO through its affiliated trading platforms [5].

Forward-looking statements included in this press release are subject to risks and uncertainties, and actual results may differ materially from those described. The company's filings with the Securities and Exchange Commission provide further details [1].

References:
[1] https://www.prnewswire.com/news-releases/synaptogenix-announces-name-change-to-tao-synergies-and-new-ticker-symbol-taox-for-alignment-with-ai-focused-crypto-treasury-strategy-302491852.html
[2] https://www.stocktitan.net/news/SNPX/tao-synergies-formerly-synaptogenix-begins-trading-under-new-nasdaq-sg6nzxwm3oig.html
[5] https://www.prnewswire.com/news-releases/synaptogenix-announces-initial-tao-acquisition-under-crypto-treasury-strategy-appoints-bitgo-as-custodian-and-commences-yield-generation-through-staking-302489342.html