ChronoScale business combination with EKSO Bionics
Company: Applied Digital
What the later record shows
Delivered on time · happened May 5, 2026
The combination closed on May 5, 2026, within Q4 fiscal 2026. Ekso was renamed ChronoScale, began trading on Nasdaq as CHRN, and Applied Digital owned about 97% at closing.
“The Company as of the Closing (on an aggregate basis with Contributor) owns approximately 97% of the issued and outstanding equity of ChronoScale.”
2026-05-04 · Applied Digital 8-K filed 2026-05-05 View cached copy (2026-08-30)Live source ↗
“ChronoScale will begin trading on the Nasdaq Capital Market on Tuesday, May 5, 2026, under the ticker “CHRN””
2026-05-04 · applied-digital 8-K exhibit (ex99-1.htm) View cached copy (2026-09-08)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Applied Digital is combining its cloud business with EKSO Bionics Holdings to form ChronoScale Corporation, a GPU-optimized AI infrastructure platform. Applied Digital expected to own approximately 97% of combined company, listed on Nasdaq under ticker CHRN with closing expected in Q4 fiscal 2026.
Source (primary)
applied-digital 8-K exhibit (apldq326earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-10)Live source ↗
Quote: “On December 30, 2025, Applied Digital announced a proposed business combination of its cloud business, operated through the Company's wholly owned subsidiary, Applied Digital Cloud Corporation with EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) to form ChronoScale Corporation, a dedicated accelerated-compute platform for GPU-optimized AI infrastructure. Applied Digital is expected to own approximately 97% of the combined company, which is expected to be listed on the Nasdaq upon closing and trade under the symbol "CHRN." The proposed Business Combination is expected to close in the fourth fiscal quarter of 2026.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The earnings release's Cloud Services Business Update states each element: the combination with EKSO to form ChronoScale, the GPU-optimized AI infrastructure focus, the roughly 97% ownership, the expected Nasdaq listing as CHRN, and expected closing in fiscal Q4 2026.
Confirmed in the source:
- Applied Digital is combining its cloud business with EKSO Bionics Holdings, Inc.
- The combination is to form ChronoScale Corporation
- ChronoScale is described as a dedicated accelerated-compute platform for GPU-optimized AI infrastructure
- Applied Digital is expected to own approximately 97% of the combined company
- The combined company is expected to be listed on Nasdaq under the symbol CHRN
- Closing is expected in the fourth fiscal quarter of 2026
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000029/apldq326earningsrelease.htm) in full (46,258 characters, retrieved September 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq326earningsrelease.htm)
Quote: “On December 30, 2025, Applied Digital announced a proposed business combination of its cloud business, operated through the Company's wholly owned subsidiary, Applied Digital Cloud Corporation with EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) to form ChronoScale Corporation, a dedicated accelerated-compute platform for GPU-optimized AI infrastructure. Applied Digital is expected to own approximately 97% of the combined company, which is expected to be listed on the Nasdaq upon closing and trade under the symbol "CHRN." The proposed Business Combination is expected to close in the fourth fiscal quarter of 2026.”
confirms Applied Digital 8-K filed 2026-05-05
Quote: “The Company as of the Closing (on an aggregate basis with Contributor) owns approximately 97% of the issued and outstanding equity of ChronoScale.”
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “ChronoScale will begin trading on the Nasdaq Capital Market on Tuesday, May 5, 2026, under the ticker “CHRN””