diff --git a/app/assets/javascripts/patches/content-tag+1.1.2.patch b/app/assets/javascripts/patches/content-tag+1.1.2.patch
deleted file mode 100644
index 26f796d8115..00000000000
--- a/app/assets/javascripts/patches/content-tag+1.1.2.patch
+++ /dev/null
@@ -1,29 +0,0 @@
-diff --git a/node_modules/content-tag/content_tag.js b/node_modules/content-tag/content_tag.js
-index e9be50d..9e20da2 100644
---- a/node_modules/content-tag/content_tag.js
-+++ b/node_modules/content-tag/content_tag.js
-@@ -448,11 +448,17 @@ module.exports.__wbindgen_memory = function() {
-     return addHeapObject(ret);
- };
- 
--const path = require('path').join(__dirname, 'content_tag_bg.wasm');
--const bytes = require('fs').readFileSync(path);
--
--const wasmModule = new WebAssembly.Module(bytes);
--const wasmInstance = new WebAssembly.Instance(wasmModule, imports);
--wasm = wasmInstance.exports;
--module.exports.__wasm = wasm;
-+// Check for nodejs environment
-+if (process.version) {
-+  const path = require('path').join(__dirname, 'content_tag_bg.wasm');
-+  const bytes = require('fs').readFileSync(path);
-+
-+  const wasmModule = new WebAssembly.Module(bytes);
-+  const wasmInstance = new WebAssembly.Instance(wasmModule, imports);
-+  wasm = wasmInstance.exports;
-+} else {
-+  const load = require('./content_tag_bg.wasm').default;
-+  wasm = load(imports);
-+  module.exports.__wasm = wasm;
-+}
- 
diff --git a/app/assets/javascripts/patches/content-tag+1.2.1.patch b/app/assets/javascripts/patches/content-tag+1.2.1.patch
new file mode 100644
index 00000000000..825ecf06486
--- /dev/null
+++ b/app/assets/javascripts/patches/content-tag+1.2.1.patch
@@ -0,0 +1,25 @@
+diff --git a/node_modules/content-tag/pkg/standalone.js b/node_modules/content-tag/pkg/standalone.js
+index 0df00d7..c19b607 100644
+--- a/node_modules/content-tag/pkg/standalone.js
++++ b/node_modules/content-tag/pkg/standalone.js
+@@ -1,5 +1,6 @@
+-import init from "./standalone/content_tag.js";
++import { initSync } from "./standalone/content_tag.js";
++import module from "./standalone/content_tag_bg.wasm";
+ 
+-await init();
++initSync(module);
+ 
+ export { Preprocessor } from "./standalone/content_tag.js";
+diff --git a/node_modules/content-tag/pkg/standalone/content_tag.js b/node_modules/content-tag/pkg/standalone/content_tag.js
+index 70545cf..e6eb36b 100644
+--- a/node_modules/content-tag/pkg/standalone/content_tag.js
++++ b/node_modules/content-tag/pkg/standalone/content_tag.js
+@@ -20,6 +20,7 @@ function takeObject(idx) {
+     return ret;
+ }
+ 
++const { TextDecoder, TextEncoder } = require('util');
+ const cachedTextDecoder = (typeof TextDecoder !== 'undefined' ? new TextDecoder('utf-8', { ignoreBOM: true, fatal: true }) : { decode: () => { throw Error('TextDecoder not available') } } );
+ 
+ if (typeof TextDecoder !== 'undefined') { cachedTextDecoder.decode(); };
diff --git a/app/assets/javascripts/theme-transpiler/build.js b/app/assets/javascripts/theme-transpiler/build.js
index 57f649b5ac3..e2396061ca4 100644
--- a/app/assets/javascripts/theme-transpiler/build.js
+++ b/app/assets/javascripts/theme-transpiler/build.js
@@ -31,12 +31,7 @@ let wasmPlugin = {
 
     build.onLoad({ filter: /.*/, namespace: "wasm-stub" }, async (args) => {
       return {
-        contents: `import wasm from ${JSON.stringify(args.path)};
-        export default (imports) => {
-          const wasmModule = new WebAssembly.Module(wasm);
-          const wasmInstance = new WebAssembly.Instance(wasmModule, imports);
-          return wasmInstance.exports;
-        };`,
+        contents: `export { default } from ${JSON.stringify(args.path)};`,
       };
     });
 
diff --git a/app/assets/javascripts/theme-transpiler/package.json b/app/assets/javascripts/theme-transpiler/package.json
index 68bd5dd591f..46e86f1f0b1 100644
--- a/app/assets/javascripts/theme-transpiler/package.json
+++ b/app/assets/javascripts/theme-transpiler/package.json
@@ -10,7 +10,7 @@
     "@babel/standalone": "^7.23.6",
     "@zxing/text-encoding": "^0.9.0",
     "babel-plugin-ember-template-compilation": "^2.2.1",
-    "content-tag": "^1.1.2",
+    "content-tag": "^1.2.1",
     "discourse-common": "1.0.0",
     "discourse-widget-hbs": "1.0.0",
     "ember-cli-htmlbars": "^6.3.0",
diff --git a/app/assets/javascripts/yarn-ember3.lock b/app/assets/javascripts/yarn-ember3.lock
index 6cddb6ebbc4..f1f564d90ff 100644
--- a/app/assets/javascripts/yarn-ember3.lock
+++ b/app/assets/javascripts/yarn-ember3.lock
@@ -4325,6 +4325,11 @@ content-tag@^1.1.2:
   resolved "https://registry.yarnpkg.com/content-tag/-/content-tag-1.1.2.tgz#a7adddfdd2d44c9418b795c91ee04c55f570a997"
   integrity sha512-AZkfc6TUmW+/RbZJioPzOQPAHHXqyqK4B0GNckJDjBAPK3SyGrMfn21bfFky/qwi5uoLph5sjAHUkO3CL6/IgQ==
 
+content-tag@^1.2.1:
+  version "1.2.1"
+  resolved "https://registry.yarnpkg.com/content-tag/-/content-tag-1.2.1.tgz#5bb23443d2ddf316657994fb333fdc1d4a161be8"
+  integrity sha512-aKOsM+GojHMvRuqOa+qamATA3IEK9QksXcIX2NSGHpU5euNhrg6mZFT3Z7kDuNz55sH9NRPJKqeGhkhaq9ED2w==
+
 content-type@~1.0.4:
   version "1.0.5"
   resolved "https://registry.yarnpkg.com/content-type/-/content-type-1.0.5.tgz#8b773162656d1d1086784c8f23a54ce6d73d7918"
diff --git a/app/assets/javascripts/yarn-ember5.lock b/app/assets/javascripts/yarn-ember5.lock
index 6cddb6ebbc4..f1f564d90ff 100644
--- a/app/assets/javascripts/yarn-ember5.lock
+++ b/app/assets/javascripts/yarn-ember5.lock
@@ -4325,6 +4325,11 @@ content-tag@^1.1.2:
   resolved "https://registry.yarnpkg.com/content-tag/-/content-tag-1.1.2.tgz#a7adddfdd2d44c9418b795c91ee04c55f570a997"
   integrity sha512-AZkfc6TUmW+/RbZJioPzOQPAHHXqyqK4B0GNckJDjBAPK3SyGrMfn21bfFky/qwi5uoLph5sjAHUkO3CL6/IgQ==
 
+content-tag@^1.2.1:
+  version "1.2.1"
+  resolved "https://registry.yarnpkg.com/content-tag/-/content-tag-1.2.1.tgz#5bb23443d2ddf316657994fb333fdc1d4a161be8"
+  integrity sha512-aKOsM+GojHMvRuqOa+qamATA3IEK9QksXcIX2NSGHpU5euNhrg6mZFT3Z7kDuNz55sH9NRPJKqeGhkhaq9ED2w==
+
 content-type@~1.0.4:
   version "1.0.5"
   resolved "https://registry.yarnpkg.com/content-type/-/content-type-1.0.5.tgz#8b773162656d1d1086784c8f23a54ce6d73d7918"