Brief: Applied Digital To Spin Out Cloud Business, Proposes Business Combination With EKSO To Launch Chronoscale
29/12/2025 22:46
Dec 29 (Reuters) - Applied Digital Corp APLD.O: APPLIED DIGITAL TO SPIN OUT CLOUD BUSINESS, PROPOSES BUSINESS COMBINATION WITH EKSO TO LAUNCH CHRONOSCALE EKSO BIONICS HOLDINGS- UPON CLOSING, APPLIED DIGITAL WOULD OWN ABOUT 97% OF COMBINED COMPANY, WHICH WILL OPERATE UNDER NAME CHRONOSCALE EKSO BIONICS HOLDINGS - PLANS TO CONTINUE TO EXPLORE STRATEGIC TRANSACTIONS FOR POSSIBLE SALE OF ALL OR SUBSTANTIALLY ALL OF EKSO'S CURRENT BUSINESS EKSO BIONICS HOLDINGS INC - PROPOSED TRANSACTION IS EXPECTED TO CLOSE IN FIRST HALF OF 2026 Source text: ID:nGNX5SPfWk Further company coverage: APLD.O ((Reuters.Briefs@thomsonreuters.com;))
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