I can't be the only one who thinks Rec Room Inc. backed themselves into a wall by changing their name. Now, if they want to make another game that isn't Rec Room related, they'll either need a new name or go back to Against Gravity.
Maybe they realized that they have enough to do for the next 20 years just by developing Rec Room to its full potential? Or they realized that any new game that they might develop would benefit from being integrated into Rec Room (by attracting players from the Rec Room community) and that that integration would also benefit Rec Room and its community (by providing another #RRO game).
Also, I like to think of the rebranding as a strong commitment of the company to the future of Rec Room and its community.