ChronoScale Corp (CHRN) Form 8-K — Jun 26, 2026
ChronoScale Corporation entered into a material definitive agreement for an unsecured Demand Grid Promissory Note with Applied Digital Corporation, establishing a line of credit with a maximum principal amount of $100,000,000. The note accrues interest at the short-term Applicable Federal Rate and is payable on demand within ten days of the lender's request, with proceeds intended for working capital and general corporate purposes.
Key figures
- Debt Amount
- 100000000
- Interest Rate
- short-term Applicable Federal Rate
- Advances To Date
- none
- Lender Ownership Stake
- 96%
- Repayment Demand Period
- 10 days
Price after filing
1 day: 0.0%7 days: -26.7%30 days: +0.3%
Close on the filing date to close N calendar days later (from $22.51). Historical, not a forecast.
AI analysis
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