Bitcoin price today: surges to $122k, near record high on US regulatory cheer
LONDON - Tao Alpha PLC (TAO.L) announced Tuesday it plans to change its name to Satsuma Technology PLC and adopt a new ticker symbol "SATS.L" on the London Stock Exchange (LON:LSEG).
The company, which provides subnet infrastructure and develops AI agents for decentralized AI services, has filed the necessary paperwork with Companies House to formalize the change. The company’s website has already been updated to www.satsuma.digital.
According to the press release statement, the rebranding will not affect the rights of existing shareholders, and the company’s ISIN and SEDOL will remain unchanged.
Tao Alpha currently operates in the Bittensor decentralized open-source network and manages a Bitcoin-focused treasury strategy through its wholly owned Singapore subsidiary.
"Today’s rebrand is more than a new name. It is a clear signal to the market that we are refining our focus, expanding our reach, and entering a new phase of operational maturity," said Matthew Lodge, CEO, in the announcement.
The company indicated it has adopted a Bitcoin treasury approach, converting revenue from its subnet operations into Bitcoin as part of its financial strategy.
The firm will continue its existing operations under the new name, including participation in the Bittensor network, exploration of decentralized agent applications, and management of its Bitcoin-led treasury.
A further announcement will be made when the name change becomes formally effective.
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