Proposed Business Combination with EKSO
Company: Applied Digital
The claim, verbatim
Applied Digital entered into a non-binding term sheet to combine its cloud computing business with EKSO to form ChronoScale, with Applied Digital retaining approximately 97% ownership of the combined company
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-23)Live source ↗
Quote: “Applied Digital and EKSO entered into a non-binding term sheet for a proposed business combination of Applied Digital's cloud computing business, Applied Digital Cloud, with EKSO, which, once-closed, will go forward as ChronoScale Corporation... Upon closing of the Proposed Transaction, Applied Digital would own approximately 97% of the combined company”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “Applied Digital and EKSO entered into a non-binding term sheet for a proposed business combination of Applied Digital's cloud computing business, Applied Digital Cloud, with EKSO, which, once-closed, will go forward as ChronoScale Corporation... Upon closing of the Proposed Transaction, Applied Digital would own approximately 97% of the combined company”