Business combination with Ekso Bionics; control of ChronoScale
Company: Applied Digital
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
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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.”