debt
confidence high
sentiment neutral
materiality 0.65
ChronoScale enters $100M unsecured demand note from Applied Digital Corporation
EKSO BIONICS HOLDINGS, INC.
- Applied Digital Corporation makes $100M unsecured demand grid promissory note available to ChronoScale.
- Interest rate equals short-term Applicable Federal Rate (AFR), compounded semiannually; note is non-convertible.
- No advances drawn to date; proceeds to be used for working capital and general corporate purposes.
- Lender and its affiliate hold approx. 96% of ChronoScale common stock; transaction approved by related party committees.