Gold prices climb, set for fourth straight month of gains on rate cut cheer
Investing.com -- Entero Therapeutics Inc (NASDAQ:ENTO) stock rose 1.8% in Friday’s premarket trading as the company announced plans to change its name to GridAI Technologies Corp.
The rebranding, which takes effect on December 1, 2025, reflects the company’s strategic shift following its acquisition of GRID AI Corp, a grid-edge AI-driven software and controls platform. Along with the name change, the company will also update its ticker symbol from "ENTO" to "GRDX" on the Nasdaq Capital Market.
"This marks the beginning of a new chapter for the business," said Jason Sawyer, Interim Chief Executive Officer. "Our mission is to enhance grid-edge intelligence using AI, machine learning and edge analytics by orchestrating supply and demand in real time, creating a more reliable, resilient, and transactive grid -now supported with our public-company platform - and this name change reflects that commitment."
The company emphasized that the name and ticker changes will not affect its legal structure, business operations, or existing financial reporting obligations. Shareholders are not required to take any action in connection with the change.
GRID AI’s platform enables utilities, retail energy providers, and large power users to dynamically manage load and distributed energy resources, including battery energy storage systems.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.