ChronoScale Holdings Corporation separation completed
Company: Applied Digital
The claim, verbatim
Separation of cloud business completed through contribution and exchange transaction, creating ChronoScale Holdings Corporation (Nasdaq: CHRN)
Source (primary)
Applied Digital DEF 14A filed 2026-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “we also completed the previously announced separation of our cloud business through a contribution and exchange transaction, resulting in the creation of ChronoScale Holdings Corporation (Nasdaq: CHRN)”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The proxy describes the completed separation of the cloud business via a contribution and exchange transaction with Ekso Bionics, creating ChronoScale (now ChronoScale Holdings Corporation, Nasdaq: CHRN).
Confirmed in the source:
- Applied Digital completed the separation of its cloud business
- The separation was done through a contribution and exchange transaction
- The separation resulted in ChronoScale Holdings Corporation, listed on Nasdaq as CHRN
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226044325/formdef14a.htm) in full (278,076 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital DEF 14A filed 2026-09-25
Quote: “we also completed the previously announced separation of our cloud business through a contribution and exchange transaction, resulting in the creation of ChronoScale Holdings Corporation (Nasdaq: CHRN)”