Cloud business combination with EKSO to form ChronoScale
Company: Applied Digital
The claim, verbatim
Applied Digital's cloud business is combining with EKSO Bionics to form ChronoScale Corporation (Nasdaq: CHRN); Applied Digital expects to own ~97%, with closing expected in fiscal Q4 2026.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “Applied Digital is expected to own approximately 97% of the combined company... The proposed Business Combination... is expected to close in the fourth fiscal quarter of 2026.”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “Applied Digital is expected to own approximately 97% of the combined company... The proposed Business Combination... is expected to close in the fourth fiscal quarter of 2026.”