Business combination with EKSO Bionics Holdings to form ChronoScale
Company: Applied Digital
The claim, verbatim
Applied Digital entered into a Contribution and Exchange Agreement on February 15, 2026, with EKSO Bionics Holdings, Inc. to combine Applied Digital's Cloud Services Business with EKSO. Upon closing, EKSO will change its name to ChronoScale and serve as the parent company of the combined entity. Applied Digital expects to initially own approximately 97% of the combined company. The transaction is subject to customary regulatory approval and satisfaction of closing conditions.
Source (primary)
Applied Digital 10-Q filed 2026-04-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “On February 15, 2026, APLD Intermediate HoldCo LLC, a Delaware limited liability company ("APLD Intermediate"), APLD ChronoScale HoldCo LLC, a Delaware limited liability company and a wholly owned subsidiary of APLD Intermediate ("Contributor"), each a wholly owned direct or indirect subsidiary of the Company, and Applied Digital Cloud Corporation, which at the time of the closing of the Proposed Transaction, will be a wholly owned subsidiary of Contributor, entered into a Contribution and Exchange Agreement with EKSO (the "Contribution and Exchange Agreement") for purposes of consummating the Proposed Transaction (the "Business Combination"), as a result of which (i) Applied Digital Cloud Corporation will become a wholly owned subsidiary of Ekso, (ii) Ekso will, immediately after the consummation of the Business Combination, continue as the parent of the combined company, and (iii) Ekso will change its name to ChronoScale. Upon closing of the Proposed Transaction, the Company expects to initially own approximately 97 % of the combined company.”
How we checked this
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Additional evidence
confirms Applied Digital 10-Q filed 2026-04-08
Quote: “On February 15, 2026, APLD Intermediate HoldCo LLC, a Delaware limited liability company ("APLD Intermediate"), APLD ChronoScale HoldCo LLC, a Delaware limited liability company and a wholly owned subsidiary of APLD Intermediate ("Contributor"), each a wholly owned direct or indirect subsidiary of the Company, and Applied Digital Cloud Corporation, which at the time of the closing of the Proposed Transaction, will be a wholly owned subsidiary of Contributor, entered into a Contribution and Exchange Agreement with EKSO (the "Contribution and Exchange Agreement") for purposes of consummating the Proposed Transaction (the "Business Combination"), as a result of which (i) Applied Digital Cloud Corporation will become a wholly owned subsidiary of Ekso, (ii) Ekso will, immediately after the consummation of the Business Combination, continue as the parent of the combined company, and (iii) Ekso will change its name to ChronoScale. Upon closing of the Proposed Transaction, the Company expects to initially own approximately 97 % of the combined company.”