Applied Digital proposes spin-out of cloud business and combination with EKSO to form ChronoScale

Applied Digital Corp.

Applied Digital will spin out its cloud business, Applied Digital Cloud, and combine with EKSO Bionics (Nasdaq: EKSO) to create ChronoScale.
Applied Digital would own ~97% of the combined company; ChronoScale expected to close H1 2026, subject to due diligence and approvals.
Applied Digital Cloud generated ~$75.2M trailing 12-month revenue as of Aug 31, 2025, with strong AI workload demand.
EKSO plans to pursue sale of its current exoskeleton business after the transaction, per CEO Scott Davis.
Transaction is non-binding term sheet; ChronoScale to be purpose-built GPU platform for AI workloads.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.