Cloud Services Business contributed to Ekso, forming ChronoScale
Company: Applied Digital
The claim, verbatim
In a May 2026 business combination, Applied Digital contributed its Cloud Services Business to Ekso Bionics Holdings, Inc., which became part of ChronoScale, a majority-owned subsidiary that Applied Digital consolidates.
Source (primary)
View PDF (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-10-08)Live source ↗
Quote: “Following the transaction, pursuant to which the Cloud Services Business was contributed to Ekso Bionics Holdings, Inc. and became part of ChronoScale, ChronoScale is consolidated into the Company's financial statements”
How we checked this
Checked on October 9, 2026. The cited source supports every part of this claim.
The filing describes the May 2026 contribution of the Cloud Services Business to Ekso Bionics Holdings, Inc., which became ChronoScale. It also states that ChronoScale is a majority-owned, consolidated subsidiary.
Confirmed in the source:
- The business combination was completed in May 2026 (May 5, 2026)
- Applied Digital contributed its Cloud Services Business to Ekso Bionics Holdings, Inc.
- The Cloud Services Business became part of ChronoScale
- ChronoScale is a majority-owned subsidiary of Applied Digital
- Applied Digital consolidates ChronoScale in its financial statements
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000059/0001144879-26-000059.pdf) in full (198,845 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View PDF
Quote: “Following the transaction, pursuant to which the Cloud Services Business was contributed to Ekso Bionics Holdings, Inc. and became part of ChronoScale, ChronoScale is consolidated into the Company's financial statements”