Proposed business combination with EKSO Bionics
Company: Applied Digital
The claim, verbatim
Applied Digital Corporation entered into a non-binding term sheet for a proposed business combination of its cloud computing business, Applied Digital Cloud, with EKSO Bionics Holdings, Inc., creating ChronoScale as the go-forward company.
Source (primary)
Applied Digital 8-K filed 2025-12-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “it has entered into a non-binding term sheet for a proposed business combination (the "Proposed Transaction") of its cloud computing business, Applied Digital Cloud, with EKSO Bionics Holdings, Inc. ("EKSO").”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K states that Applied Digital entered into a non-binding term sheet to combine Applied Digital Cloud with EKSO Bionics Holdings, and it names ChronoScale as the go-forward company that would result. ChronoScale is tied to a proposed deal that had not closed when the filing was made.
Confirmed in the source:
- Applied Digital Corporation entered into a non-binding term sheet for a proposed business combination
- The business to be combined is Applied Digital's cloud computing business, Applied Digital Cloud
- The counterparty in the proposed combination is EKSO Bionics Holdings, Inc.
- ChronoScale is described as the go-forward company to be created as a result of the proposed transaction
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225029408/form8-k.htm) in full (12,437 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2025-12-29
Quote: “it has entered into a non-binding term sheet for a proposed business combination (the "Proposed Transaction") of its cloud computing business, Applied Digital Cloud, with EKSO Bionics Holdings, Inc. ("EKSO").”
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “Applied Digital and EKSO entered into a non-binding term sheet for a proposed business combination of Applied Digital's cloud computing business, Applied Digital Cloud, with EKSO, which, once-closed, will go forward as ChronoScale Corporation... Upon closing of the Proposed Transaction, Applied Digital would own approximately 97% of the combined company”