Brief: Applied Digital Completes Separation Of Cloud Business, Establishing Chronoscale As Independent Public Company
05/05/2026 13:15
May 5 (Reuters) - Applied Digital Corp APLD.O: APPLIED DIGITAL COMPLETES SEPARATION OF CLOUD BUSINESS, ESTABLISHING CHRONOSCALE AS INDEPENDENT PUBLIC COMPANY APPLIED DIGITAL CORP - CHRONOSCALE TO BEGIN TRADING ON NASDAQ UNDER TICKER CHRN ON MAY 5, 2026 APPLIED DIGITAL CORP - WAS ISSUED 138 MILLION CHRONOSCALE SHARES FOR CLOUD BUSINESS CONTRIBUTION APPLIED DIGITAL CORP - INVESTED $15.75 MILLION IN CHRONOSCALE FOR 1.4 MILLION SHARES APPLIED DIGITAL CORP - OWNS ABOUT 97% OF CHRONOSCALE OUTSTANDING SHARES Source text: ID:nGNXc3fCxt Further company coverage: APLD.O ((Reuters.Briefs@thomsonreuters.com;))
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