Fabric.AI changes ticker to FABC

Fabric.AI began trading on Nasdaq as FABC on April 29, replacing the SBLX symbol it used as StableX Technologies. (finance.yahoo.com) The company said the ticker change took effect at the market open and does not alter its CUSIP number, so existing shares keep the same underlying identifier. (finance.yahoo.com) Fabric.AI tied the symbol change to a broader repositioning into artificial-intelligence infrastructure, after saying it had moved away from its earlier digital-asset focus. (finance.yahoo.com) That pivot was laid out a day earlier, on April 28, when the company introduced a MicroLED-based optical interconnect effort for AI data centers and said Kopin Corporation would collaborate on the design. (sec.gov) (finance.yahoo.com) An optical interconnect is the wiring between processors, boards, or racks, but it uses light instead of electrical signals to move data. Fabric.AI said its Neural I/O chip is aimed at GPU-to-GPU, board-to-board, and rack-to-rack links. (finance.yahoo.com) Kopin said it received a $15 million initial development order in the collaboration, and Fabric.AI said Kopin will own 19.9% of the company as part of the deal. (morningstar.com) (sec.gov) Fabric.AI also disclosed a $21.5 million private placement led mostly by existing shareholders through 21,500 shares of Series K convertible preferred stock with a stated value of $1,000 each. (sec.gov) The securities carry initial conversion or exercise prices of $2.51 per share, according to reporting that cited the company’s April 28 filing. (quiverquant.com) The company says the new name and ticker are meant to match a business built around fabless semiconductor technology for what it calls next-generation “AI factories.” On April 29, that public-market identity became FABC. (finance.yahoo.com)