ChronoScale business combination with EKSO Bionics
Company: Applied Digital
What the later record shows
Delivered on time · happened May 5, 2026
The ChronoScale combination closed on May 5, 2026, within Q4 fiscal 2026 (ended May 31, 2026). Applied Digital owns about 97%, as promised.
“today announced the closing of its previously disclosed transaction to contribute its cloud business to EKSO Bionics Holdings, Inc.”
2026-05-04 · applied-digital 8-K exhibit (ex99-1.htm) View cached copy (2026-09-08)Live source ↗
“On May 5, 2026, we completed the separation of our cloud business in a series of transactions that resulted in the Company owning approximately 97% of the issued and outstanding equity of ChronoScale Corporation.”
2026-07-29 · View 10-K View cached copy (2026-09-01)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
Proposed business combination of Applied Digital Cloud Corporation with EKSO Bionics to form ChronoScale Corporation, Applied Digital expected to own 97%, expected close Q4 fiscal 2026
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “On December 30, 2025, Applied Digital announced a proposed business combination of its cloud business, operated through the Company's wholly owned subsidiary, Applied Digital Cloud Corporation with EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) to form ChronoScale Corporation... Applied Digital is expected to own approximately 97% of the combined company... is expected to close in the fourth fiscal quarter of 2026.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release describes the proposed combination with EKSO Bionics to form ChronoScale, Applied Digital's expected ~97% ownership, and the expected close in fiscal Q4 2026.
Confirmed in the source:
- Applied Digital proposed a business combination of Applied Digital Cloud Corporation with EKSO Bionics Holdings
- The combination would form ChronoScale Corporation
- Applied Digital is expected to own approximately 97% of the combined company
- The deal is expected to close in the fourth fiscal quarter of 2026
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/148/applied-digital-reports-fiscal-third-quarter-2026-results/) in full (47,432 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “On December 30, 2025, Applied Digital announced a proposed business combination of its cloud business, operated through the Company's wholly owned subsidiary, Applied Digital Cloud Corporation with EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) to form ChronoScale Corporation... Applied Digital is expected to own approximately 97% of the combined company... is expected to close in the fourth fiscal quarter of 2026.”
confirms Earnings Release
Quote: “Applied Digital is expected to own approximately 97% of the combined company... The proposed Business Combination... is expected to close in the fourth fiscal quarter of 2026.”
confirms Earnings Release
Quote: “Applied Digital is expected to own approximately 97% of the combined company... is expected to close in the fourth fiscal quarter of 2026”
confirms Earnings Release
Quote: “Applied Digital is expected to own approximately 97% of the combined company... The proposed Business Combination is subject to the receipt of customary regulatory approvals and satisfaction of closing conditions and is expected to close in the fourth fiscal quarter of 2026.”
confirms Earnings Release
Quote: “Applied Digital is expected to own approximately 97% of the combined company, which is expected to be listed on the Nasdaq upon closing and trade under the symbol “CHRN.” ... is expected to close in the fourth fiscal quarter of 2026.”
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “today announced the closing of its previously disclosed transaction to contribute its cloud business to EKSO Bionics Holdings, Inc.”
confirms View 10-K
Quote: “On May 5, 2026, we completed the separation of our cloud business in a series of transactions that resulted in the Company owning approximately 97% of the issued and outstanding equity of ChronoScale Corporation.”