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13 May 2025 15:26:49
- Source: Sharecast
13 May 2025
TAO Alpha PLC
("TAO" or "the Company") (formerly StreaksAI PLC)
Change of Company Name and Strategic Update
StreaksAI PLC (LSE: STK) is pleased to announce a change of its corporate name to TAO Alpha PLC, alongside an update on its strategic direction.
1. Change of Company Name: The Company has changed its name to TAO Alpha PLC. The change of name was registered on Companies House on 12 May 2025. The name change reflects the Company's evolving business focus and aligns with its strategic vision of developing fully automated revenue generating AI agents.
The Company's ticker symbol will change to TAO, and will take effect on the Main Market of the London Stock Exchange on 14 May 2025, at 8.00 a.m. Shareholders are not required to take any action as a result of the name change. The Company's website has been updated to https://www.taoalpha.org/ , where further information is available.
2. Strategic Update: The Company continues to advance its strategic objectives within the decentralised AI agent economy. It is focused on close alignment with Bittensor's ecosystem. Bittensor is a decentralised open-source network that incentivises the creation of useful products within a global marketplace for machine-learning models, while participants earn TAO tokens related to the worth of the intelligence they provide.
Matthew Lodge, CEO of TAO Alpha, said: "The transition to TAO Alpha marks an exciting chapter in our journey. Our new name better reflects our commitment to innovation, and our refined strategy positions us to seize emerging opportunities within Bittensor's AI economy. We look forward to delivering on our ambitious goals and creating value for our stakeholders."
The Directors of TAO Alpha PLC accept responsibility for this announcement.
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
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For further information please contact:
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TAO Alpha PLC |
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Matthew Lodge |
via First Sentinel |
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Financial Adviser |
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Brian Stockbridge (First Sentinel Corporate Finance Limited) |
+44 20 3855 5551 |
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