M&A
confidence high
sentiment neutral
materiality 0.75
Ekso Bionics and Applied Digital propose business combination; EKSO holders get ~3% of ChronoScale
EKSO BIONICS HOLDINGS, INC.
- Applied Digital to spin out cloud business, combine with EKSO to form ChronoScale Corporation.
- Upon closing, Applied Digital would own ~97% of combined company; EKSO existing stockholders ~3%.
- EKSO plans to explore sale of all or substantially all of its current business.
- Applied Digital Cloud generated ~$75.2M revenue in TTM ending Aug 31, 2025.
- Proposed transaction expected to close in first half of 2026, subject to approvals.