Fobi AI Inc (CVE:MTRX) (OTCQB:RACMF) announced that the TSX Venture Exchange has approved its proposed name change from Loop Insights Inc and trading symbol change from MTRX to FOBI.
Trading under the new symbol will start at the opening of the market on Friday, the company said.
This is one of the final pieces of the rebrand from Loop Insights to Fobi, which was announced on June 1.
READ: Loop Insights rebrands itself as Fobi AI as it transitions out of startup mode to become an enterprise player
“The rebranding process has been challenging, but with this key piece in place, we can now move forward as a truly enterprise data intelligence leader with the Fobi brand and ticker symbol to match,” CEO Rob Anson said in a statement.
“This also marks another key step in our goal of uplisting to the TSX later this year from the TSXV. As we turn the corner from successful POC’s to revenue-generating contracts, we are perfectly positioned to capitalize on the digital and mobile transformation that is sweeping the globe.”
Fobi AI has developed an internet of things device that integrates seamlessly into its clients’ existing infrastructure to enable data connectivity across online and on-premise platforms. Fobi partners with some of the largest companies in the world in the retail, telecom, sports and entertainment, casino gaming, and hospitality and tourism industries.
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