Applied Digital Acquires 97.5% of ChronoScale

On May 12, 2026, Applied Digital Corporation filed a Schedule 13D reporting a significant acquisition of shares in ChronoScale Corporation (formerly Ekso Bionics Holdings, Inc.). The Reporting Person acquired a total of 139,528,227 shares of Common Stock, representing approximately 97.5% of the class. This position was established through two primary transactions: the exchange of all equity in Applied Digital Cloud Corporation for 138,216,820 shares as part of a business combination, and a private placement purchase of 1,311,407 shares at $12.01 per share for approximately $15.75 million. Following these transactions, ChronoScale is now a 'controlled company' under Nasdaq standards. An Investor Rights Agreement grants Applied Digital the right to designate four of the seven board directors. The acquisition was made for investment purposes, and the Reporting Person intends to review its investment continuously, potentially engaging in further strategic transactions or management advisory services through its existing Services Agreement with the Issuer.