Business combination with Ekso Bionics; control of ChronoScale
Company: Applied Digital
What the later record shows
Delivered on time · happened May 5, 2026
The 10-K confirms several things: the 100% Cloud contribution for 138,216,820 Ekso shares, the rename to ChronoScale, and the start of CHRN trading on May 5, 2026.
“Ekso changed its name to ChronoScale Corporation (“ChronoScale”) and ChronoScale’s common stock began trading on the Nasdaq Capital Market under the symbol “CHRN” on May 5, 2026.”
2026-07-28 · Applied Digital 10-K filed 2026-07-29 View cached copy (2026-08-30)Live source ↗
“Upon the consummation of the Business Combination, the Company owned approximately 97% of ChronoScale Corporation’s equity.”
2026-09-25 · View PDF View cached copy (2026-09-26)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Applied Digital divested its cloud computing subsidiary (Applied Digital Cloud Corporation) by contributing 100% of the subsidiary to Ekso Bionics Holdings, Inc. in exchange for 138,216,820 shares of Ekso Common Stock. Upon closing on May 5, 2026, Ekso changed its name to ChronoScale Corporation. Applied Digital owns approximately 97% of ChronoScale's issued and outstanding equity as of closing. ChronoScale common stock began trading on Nasdaq Capital Market under symbol CHRN on May 5, 2026.
Source (primary)
Applied Digital 8-K filed 2026-05-05 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “Contributor contributed to Ekso all of its right, title and interest in and to 1,200 shares of common stock of Cloud, constituting 100% of the issued and outstanding equity of Cloud (the "Contributed Shares"), in exchange for 138,216,820 newly issued shares (the "Exchanged Shares") of Ekso common stock... Cloud became a wholly owned subsidiary of Ekso and Ekso changed its name to ChronoScale Corporation ("ChronoScale"). The Company as of the Closing (on an aggregate basis with Contributor) owns approximately 97% of the issued and outstanding equity of ChronoScale. The common stock of ChronoScale began trading on the Nasdaq Capital Market under the symbol "CHRN" on May 5, 2026.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K's explanatory note states every element of this claim: the contribution of 100% of the cloud subsidiary, the share count, the name change, the roughly 97% ownership, and the CHRN listing date.
Confirmed in the source:
- Applied Digital divested its cloud business, Applied Digital Cloud Corporation, through its wholly owned subsidiary APLD ChronoScale HoldCo LLC
- 100% of the issued and outstanding equity of Applied Digital Cloud Corporation was contributed to Ekso Bionics Holdings, Inc.
- The contribution was in exchange for 138,216,820 newly issued shares of Ekso common stock
- The closing occurred on May 5, 2026
- Ekso changed its name to ChronoScale Corporation
- As of closing, Applied Digital, together with its subsidiary, owns approximately 97% of ChronoScale's issued and outstanding equity
- ChronoScale common stock began trading on the Nasdaq Capital Market under the symbol CHRN on May 5, 2026
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226021333/form8-k.htm) in full (26,576 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2026-05-05
Quote: “Contributor contributed to Ekso all of its right, title and interest in and to 1,200 shares of common stock of Cloud, constituting 100% of the issued and outstanding equity of Cloud (the "Contributed Shares"), in exchange for 138,216,820 newly issued shares (the "Exchanged Shares") of Ekso common stock... Cloud became a wholly owned subsidiary of Ekso and Ekso changed its name to ChronoScale Corporation ("ChronoScale"). The Company as of the Closing (on an aggregate basis with Contributor) owns approximately 97% of the issued and outstanding equity of ChronoScale. The common stock of ChronoScale began trading on the Nasdaq Capital Market under the symbol "CHRN" on May 5, 2026.”
confirms Applied Digital 10-K filed 2026-07-29
Quote: “Ekso changed its name to ChronoScale Corporation (“ChronoScale”) and ChronoScale’s common stock began trading on the Nasdaq Capital Market under the symbol “CHRN” on May 5, 2026.”
confirms View PDF
Quote: “Upon the consummation of the Business Combination, the Company owned approximately 97% of ChronoScale Corporation’s equity.”