ChronoScale business combination (Applied Digital Cloud + EKSO Bionics) with 80%+ ownership
Company: Applied Digital
The claim, verbatim
Announced plans to spin out Applied Digital Cloud and combine it with EKSO Bionics Holdings to form ChronoScale accelerated-compute platform, with Applied Digital expected to own over 80% upon closing
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Announced plans to spin out Applied Digital Cloud and combine it with EKSO Bionics Holdings (Nasdaq: EKSO) through a proposed business combination to form ChronoScale (the "Business Combination"), a dedicated accelerated‑compute platform for GPU‑optimized AI infrastructure, with Applied Digital expected to initially own over 80% of the combined company upon closing.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release describes the proposed spin-out and combination with EKSO to form ChronoScale, with Applied Digital expected to initially own over 80% at closing.
Confirmed in the source:
- Applied Digital announced plans to spin out Applied Digital Cloud
- Applied Digital Cloud is to combine with EKSO Bionics Holdings to form ChronoScale, an accelerated-compute platform
- Applied Digital is expected to own over 80% of the combined company upon closing
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/142/applied-digital-reports-fiscal-second-quarter-2026-results/) in full (45,559 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Announced plans to spin out Applied Digital Cloud and combine it with EKSO Bionics Holdings (Nasdaq: EKSO) through a proposed business combination to form ChronoScale (the "Business Combination"), a dedicated accelerated‑compute platform for GPU‑optimized AI infrastructure, with Applied Digital expected to initially own over 80% of the combined company upon closing.”