Hoth Therapeutics (NASDAQ:HOTH) shares are trading sharply higher in after-hours trading Tuesday.
HOTH shares surged 27.94% to $1.74 in after-hours trading after the company announced its corporate name change to Rocket One Inc. and a new ticker symbol, "RKTO," effective May 28.
The company is focused on AI chip technology and computing systems for space and defense applications, including satellites and low-Earth orbit systems.
Rocket One Rebrand The company announced that its common stock will stop trading under the "HOTH" ticker at the close of May 27 and begin trading under "RKTO" on May 28.
According to the company, the Rocket One brand reflects its focus on the orbital economy and next-generation computing technology for space systems.
