Oblong shares surge 16.75% after-hours after rebranding to TaoWeave and pivoting to digital asset treasury business.

Oblong surged 16.75% in after-hours trading following its rebranding to TaoWeave and strategic pivot to a digital asset treasury company. The company announced a name change to TaoWeave, Inc., with a ticker symbol shift to "TWAV" on December 10, 2025, emphasizing its focus on decentralized AI and digital assets, including TAO token investments. This move, highlighted in multiple reports, signals a strategic realignment to capitalize on emerging trends in AI and digital asset markets, with the new website offering transparency into treasury holdings. The rebranding was accompanied by a $7 million investment in over 21,700 TAO tokens, staked via secure infrastructure, reinforcing the company’s commitment to the Bittensor ecosystem. While financial metrics remain challenging, the strategic pivot has generated positive market reaction, aligning with the significant after-hours price jump.