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
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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”