Applied Digital and EKSO plan to combine Applied Digital's cloud computing business with EKSO to form ChronoScale Corporation.
ChronoScale is a focused GPU platform built for AI workloads, aiming to deliver high-performance compute at scale.
The Proposed Transaction will separate the accelerated compute platform from Applied Digital's data center business to enhance flexibility and strategic growth.
Proposed Business Combination
Combining Applied Digital's cloud computing business with EKSO to create ChronoScale, an AI-focused compute platform.
Ownership Structure
Upon completion, Applied Digital would own approximately 97% of the combined company, operating as ChronoScale.
Strategic Value
EKSO believes the Proposed Transaction will maximize shareholder value and offer strategic benefits for both companies.
Focus on AI Workloads
ChronoScale aims to provide purpose-built infrastructure for demanding AI workloads, leveraging GPU acceleration.
- The Proposed Transaction aims to meet the increasing demand for GPU-accelerated cloud infrastructure for AI workloads.
- ChronoScale is designed to offer predictable performance, infrastructure control, and rapid deployment for customers' unique needs.
The collaboration between Applied Digital and EKSO to form ChronoScale demonstrates a strategic move to address the growing demand for specialized GPU-accelerated compute infrastructure in the AI sector.