ChronoScale separation and ownership stake
Company: Applied Digital
The claim, verbatim
On May 5, 2026, completed separation of cloud business resulting in company ownership of approximately 97% of ChronoScale Corporation, with stock trading on Nasdaq under symbol CHRN
Source (primary)
View 10-K (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
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... The common stock of ChronoScale began trading on the Nasdaq Capital Market under the symbol "CHRN" on May 5, 2026”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states the May 5, 2026 separation, the resulting approximately 97% ownership, and the start of CHRN trading on Nasdaq that day.
Confirmed in the source:
- On May 5, 2026, the company completed the separation of its cloud business
- The transactions resulted in the company owning approximately 97% of ChronoScale Corporation
- ChronoScale common stock began trading on the Nasdaq Capital Market under the symbol CHRN on May 5, 2026
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000048/0001144879-26-000048.pdf) in full (630,756 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
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... The common stock of ChronoScale began trading on the Nasdaq Capital Market under the symbol "CHRN" on May 5, 2026”