MergerJul 1, 2026, 04:47 PM
ChronoScale Completes Holding Company Merger
AI Summary
ChronoScale completed a holding company transaction on July 1, 2026, through a merger with its subsidiary, ChronoScale Holdings. This restructuring involved ChronoScale contributing its subsidiary, Applied Digital Cloud Corporation, to ChronoScale Holdings, and then merging into ChronoScale Holdings. As a result, ChronoScale Holdings became the successor issuer, with its common stock continuing to trade on Nasdaq under the ticker "CHRN" with the same CUSIP.
Key Highlights
- Merger Agreement dated July 1, 2026, for a holding company transaction.
- ChronoScale contributed all equity interests of Applied Digital Cloud Corporation to ChronoScale Holdings.
- Merger Sub merged into ChronoScale, making ChronoScale a wholly-owned subsidiary of ChronoScale Holdings.
- ChronoScale converted to a Nevada LLC and renamed "ChronoScale Intermediate LLC".
- Applied Digital Cloud Corporation changed its name to "ChronoScale Corporation".
- ChronoScale Holdings became the successor issuer, with shares trading under "CHRN" on Nasdaq.
- Each ChronoScale common and Series B preferred stock converted into one share of ChronoScale Holdings equivalent.
Price Impact
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