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Hoth Therapeutics ( (HOTH) ) has provided an announcement.
On May 15, 2026, Hoth Therapeutics formed subsidiary Rocket One Inc. and signed two exclusive license agreements with Virginia Commonwealth University, securing royalty-bearing rights to patents and technical information for nanomagnetic and spintronic semiconductor technologies for data center and artificial intelligence applications. The agreements include tiered royalties on product sales and sublicensing revenue, minimum annual payments, and reimbursement of patent-related legal costs, anchoring Rocket One’s entry into AI infrastructure and semiconductor acceleration.
On May 19, 2026, the company announced plans to change its name to Rocket One Inc. and restructure its operations to target AI infrastructure, next-generation semiconductors, and ultra-low-power AI computing while exploring the separation of its biotechnology assets into a wholly owned subsidiary. By aligning with VCU’s spintronic and nanomagnetic technologies, Rocket One is repositioning from a pure biotech player to a hybrid platform with exposure to AI data centers, defense, and space computing, seeking to address power and efficiency constraints that are increasingly critical for large-scale AI deployments.
More about Hoth Therapeutics
Rocket One Inc., formerly Hoth Therapeutics, is shifting from its historical biotechnology focus into the development and commercialization of spintronic computing technologies for artificial intelligence hardware acceleration and radiation-tolerant computing. The company now holds exclusive rights to nanomagnetic matrix multiplier architectures for AI workloads and skyrmion-based spintronic memory aimed at defense and space systems.
Average Trading Volume: 2,710,991
Technical Sentiment Signal: Sell
Current Market Cap: $11.47M
See more data about HOTH stock on TipRanks’ Stock Analysis page.