AcquisitionsMay 5, 2026, 05:12 PM
Ekso Bionics Becomes ChronoScale Corp. via Cloud Merger
AI Summary
Ekso Bionics Holdings, Inc. has completed its previously announced business combination, rebranding as ChronoScale Corporation. As part of the transaction, Applied Digital Cloud Corporation became a wholly-owned subsidiary of ChronoScale. Applied Digital Corporation and its subsidiary now collectively hold approximately 97% of ChronoScale's outstanding common stock, following a $15.75 million PIPE investment and a share exchange. The company's common stock has commenced trading on The Nasdaq Capital Market under the new ticker symbol "CHRN".
Key Highlights
- Ekso Bionics Holdings, Inc. completed a business combination and rebranded as ChronoScale Corporation.
- Applied Digital Cloud Corporation became a wholly-owned subsidiary of ChronoScale Corporation.
- Applied Digital Corporation and its subsidiary now hold approximately 97% of ChronoScale's common stock.
- Applied Digital Corporation made a $15.75 million PIPE investment for 1,311,407 shares at $12.01 per share.
- ChronoScale issued 138,216,820 new shares for Cloud's equity, resulting in 143,093,381 shares outstanding.
- The company's common stock began trading on Nasdaq Capital Market under the new symbol "CHRN".
- ChronoScale adopted the 2026 Omnibus Equity Incentive Plan and changed its fiscal year end to May 31st.
- The company entered into an Investor Rights Agreement and a Management Advisory and Corporate Services Agreement.
Price Impact
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