{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-006897","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2026-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.619014+00:00","generated_at":"2026-05-16T02:20:26.492274+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"APLD to contribute cloud unit to Ekso for 97% stake; renamed ChronoScale","bullets":["APLD subsidiary contributes Applied Digital Cloud Corp to Ekso for 138,216,820 shares, representing ~97% of combined equity.","Ekso will rename to ChronoScale Corporation; APLD designees to hold 4 of 7 board seats post-closing.","Closing expected Q2 2026; conditions include stockholder approval, PIPE investment with minimum $15M cash.","Initial APLD board designees: Wes Cummins (Chairman), Jason Zhang, Ella Benson, Richard Nottenburg.","Pre-closing PIPE investment will be dilutive to both Ekso legacy stockholders and APLD's Cloud."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-006897","json":"https://secwatch.observer/filing/0001493152-26-006897.json","markdown":"https://secwatch.observer/filing/0001493152-26-006897.md","text":"https://secwatch.observer/filing/0001493152-26-006897.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226006897/0001493152-26-006897-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226006897/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:20:26.492274+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e7319ae6cffac3ad82f1e0706a9c55e314bd2463","claim":"Applied Digital Corp. entered into Contribution and Exchange Agreement with Ekso Bionics Holdings, Inc. (effective 2026-02-15).","evidence_excerpt":"On February 15, 2026, APLD Intermediate HoldCo LLC, a Delaware limited liability company (\"APLD Intermediate\"), APLD ChronoScale HoldCo LLC, a Delaware limited liability company and a wholly owned subsidiary of APLD Intermediate (\"Contributor\"), each a wholly owned direct or indirect subsidiary of Applied Digital Corporation, a Nevada corporation (\"APLD\" or the \"Company\"), and Applied Digital Cloud Corporation, a Nevada corporation, which at the time of the Closing (as defined below), will be a wholly owned subsidiary of Contributor (\"Cloud\"), entered into a Contribution and Exchange Agreement with Ekso Bionics Holdings, Inc., a Nevada corporation (\"Ekso\") (the \"Contribution and Exchange Agreement\") for purposes of consummating a business combination","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315226006897/0001493152-26-006897-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Ekso Bionics Holdings, Inc."},{"label":"Effective","value":"2026-02-15"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}