ChronoScale private placement investment
Company: Applied Digital
The claim, verbatim
Applied Digital invested $15.75 million in cash in ChronoScale for approximately 1.4 million additional shares
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-08)Live source ↗
Quote: “Applied Digital invested $15.75 million in cash in ChronoScale for an additional approximately 1.4 million shares of ChronoScale common stock priced at market in a private placement offering, which closed concurrently with the contribution transaction.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document confirms the $15.75 million cash investment for approximately 1.4 million additional shares in a private placement.
Confirmed in the source:
- Applied Digital invested $15.75 million in cash in ChronoScale
- The investment was for approximately 1.4 million additional shares of ChronoScale common stock
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315226021333/ex99-1.htm) in full (9,179 characters, retrieved September 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “Applied Digital invested $15.75 million in cash in ChronoScale for an additional approximately 1.4 million shares of ChronoScale common stock priced at market in a private placement offering, which closed concurrently with the contribution transaction.”