• Applied Digital completed separation of its cloud business, contributing unit to EKSO Bionics and creating ChronoScale as an independent public company.
• ChronoScale begins trading on Nasdaq Capital Market on Tuesday under ticker CHRN.
• Applied Digital received about 138 million ChronoScale common shares for cloud business contribution.
• Cash investment of USD 15.75 million at closing bought about 1 million additional ChronoScale shares in a concurrent private placement.
• Post-transaction ownership stands at about 97% of ChronoScale outstanding common stock, leaving Applied Digital focused on data center hosting tied to longer-duration contracts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605050800PRIMZONEFULLFEED9712862) on May 05, 2026, and is solely responsible for the information contained therein.