secwatch.observer — SEC 8-K summary
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Issuer:     EKSO BIONICS HOLDINGS, INC. (CHRN)
CIK:        0001549084
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001437749-26-004205
Event type: m_and_a
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 2.02, 3.02, 3.03, 5.03, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ekso to merge with Applied Digital Cloud in reverse merger; APLD to own ~97%, rename to ChronoScale
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- Exchange: Ekso issues 138.2M shares to APLD for 100% of Cloud; APLD expects ~97% ownership of combined company.
- Closing expected Q2 2026, subject to stockholder approval, SEC clearance, and minimum $15M cash condition including PIPE.
- Preliminary Q4 2025 revenue $3.0-3.1M, down from $5.1M YoY; gross margin ~52-53%; cash $1.2M as of Dec 31, 2025.
- Company used ~$4.3M net cash in operations in Q4 2025, vs $1.4M in Q4 2024; cash excludes Jan 2026 PIPE proceeds.
- Board to be chaired by Wes Cummins (APLD); other initial APLD designees: Jason Zhang, Ella Benson, Richard Nottenburg.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549084/000143774926004205/0001437749-26-004205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549084/000143774926004205/ekso20260216_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-004205

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer