Applied Digital Completes Separation of Cloud Business, Establishing ChronoScale as Independent Public Company
Applied Digital completed the separation of its cloud business, contributing the assets to EKSO Bionics, which has renamed itself ChronoScale Corporation and will trade under the ticker CHRN. Applied Digital retains approximately 97% ownership of ChronoScale following the issuance of roughly 138 million shares and a concurrent $15.75 million cash investment for 1.4 million additional shares.
Key figures
- Deal Value Usd
- 15750000
- Shares Offered
- 1.4 million
- Apld ownership percent
- 97%
- Chronoscale shares issued apld
- 138 million
AI analysis
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