Applied Digital Corporation
Applied Digital Corporation Announces Business Combination with Ekso Bionics Holdings, Inc.
Summary
On February 15, 2026, Applied Digital Corporation, through its subsidiary APLD Intermediate HoldCo LLC, entered into a Contribution and Exchange Agreement with Ekso Bionics Holdings, Inc. for a business combination where Applied Digital Cloud Corporation, a subsidiary of Applied Digital, will become a wholly owned subsidiary of Ekso. As a result, Ekso will change its name to ChronoScale Corporation. Contributor is expected to own approximately 97% of the combined company's outstanding equity post-combination. The transaction is subject to certain conditions, including stockholder approval and regulatory clearances. In connection with the combination, Ekso intends to complete a private placement to raise additional capital.
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About Applied Digital Corporation
Applied Digital Corporation specializes in digital infrastructure provision, focusing primarily on the management and operation of next-generation data centers. These facilities are optimized for high-performance computing applications, which are critical for areas such as artificial intelligence, machine learning, and blockchain technologies. As the demand for computational power grows across various industries, Applied Digital plays a pivotal role in facilitating the infrastructure that powers advanced technological developments. This company is notable for its energy-efficient solutions and scalable architecture, catering to sectors requiring substantial processing capabilities. Operating in the rapidly evolving landscape of tech infrastructure, Applied Digital is positioned to impact diverse fields, from finance and healthcare to scientific research and entertainment. By providing robust and flexible infrastructure, it enables organizations to expand their digital capabilities, highlighting its importance in the global push towards greater computational efficiency and innovation.
Official SEC Documents
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