Business combination with Ekso via Cloud contribution
Company: Applied Digital
What the later record shows
Delivered on time · happened May 5, 2026
The May 2026 8-K says Contributor contributed the 1,200 Cloud shares to Ekso for 138,216,820 new Ekso shares at closing. The 10-K dates the closing to May 5, 2026, before July 15, 2026.
“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”
2026-05-04 · Applied Digital 8-K filed 2026-05-05 View cached copy (2026-08-30)Live source ↗
“On May 5, 2026, we completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation”
2026-07-27 · EX-99.1 View cached copy (2026-09-01)Live source ↗
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
APLD Contributor will contribute 100% of Cloud equity (1,200 shares) to Ekso in exchange for 138,216,820 newly issued Ekso common shares
Source (primary)
Applied Digital 8-K filed 2026-02-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Contributor will contribute all of its right, title and interest in and to 1,200 shares of the common stock of Cloud, constituting 100% of the issued and outstanding equity of Cloud (the "Contributed Shares"), to Ekso in exchange for 138,216,820 newly issued shares (the "Exchanged Shares") of Ekso's common stock”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K states that the APLD subsidiary will contribute all 1,200 Cloud shares, which are 100% of Cloud's equity, to Ekso for 138,216,820 new Ekso common shares. The contribution is subject to closing conditions.
Confirmed in the source:
- The Contributor is APLD ChronoScale HoldCo LLC, an indirect wholly owned subsidiary of Applied Digital
- The Contributor will contribute 1,200 shares of Cloud common stock to Ekso
- The 1,200 shares constitute 100% of Cloud's issued and outstanding equity
- In exchange, Ekso will issue 138,216,820 newly issued shares of its common stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226006897/form8-k.htm) in full (22,349 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2026-02-17
Quote: “Contributor will contribute all of its right, title and interest in and to 1,200 shares of the common stock of Cloud, constituting 100% of the issued and outstanding equity of Cloud (the "Contributed Shares"), to Ekso in exchange for 138,216,820 newly issued shares (the "Exchanged Shares") of Ekso's common stock”
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”
confirms EX-99.1
Quote: “On May 5, 2026, we completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation”