RebrandingMay 27, 2026, 08:37 AM
Hoth Therapeutics Rebrands to Rocket One Inc., Ticker RKTO, Pivots to Space
AI Summary
Hoth Therapeutics, Inc. has officially changed its corporate name to Rocket One Inc., effective May 26, 2026. Concurrently, the company's common stock will begin trading on The Nasdaq Capital Market under the new ticker symbol "RKTO" starting May 28, 2026, reflecting a strategic pivot towards the orbital economy. Rocket One Inc. will focus on developing and commercializing next-generation nanomagnetic AI chip technology for radiation-tolerant, energy-constrained environments in space and defense applications, while its legacy biotechnology programs will continue under a wholly-owned subsidiary.
Key Highlights
- Company name changed from Hoth Therapeutics, Inc. to Rocket One Inc. effective May 26, 2026.
- New Nasdaq ticker symbol "RKTO" effective May 28, 2026, replacing "HOTH".
- Strategic focus on the orbital economy and next-generation nanomagnetic AI chip technology.
- Technology designed for ultra-low-power, radiation-tolerant computing in space and defense.
- Chip retains computational results without power, eliminating data loss during satellite power cycles.
- Targets dramatically lower energy use per calculation than conventional AI chips.
- Legacy biotechnology programs will continue under a wholly-owned subsidiary.
- The CUSIP number for the common stock will remain 44148G204.
Price Impact
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