Recent Updates — CHRN
On July 1, 2026, ChronoScale Corp completed a holding company formation transaction, creating ChronoScale Holdings Corporation as the new public parent company. ChronoScale Corporation converted into ChronoScale Intermediate LLC and Applied Digital Cloud Corporation was renamed ChronoScale Corporation, both becoming wholly-owned subsidiaries of the new parent. Each share of common and Series B Preferred stock was converted 1-for-1 into shares of ChronoScale Holdings, with no dilution to shareholders. Andrew Schaap was appointed to the Board of Directors on June 29, 2026. The company continues to trade on Nasdaq under the ticker symbol 'CHRN'. ChronoScale operates in the technology sector, providing cloud and digital infrastructure services.
ChronoScale Corporation consummated a business combination with Applied Digital Corporation's subsidiaries, including Applied Digital Cloud Corporation, on May 5, 2026. This amendment to a previous 8-K filing provides the required financial statements and pro forma condensed combined balance sheet and statement of operations for the acquired entity, Cloud, as of February 28, 2026. ChronoScale Corporation operates in the technology and cloud services industry.
ChronoScale Corporation expanded its Board of Directors from seven to eight members by appointing Andrew Cordell Schaap to the Board, Audit Committee, and Related Party Transactions Committee, effective June 29, 2026. Mr. Schaap was granted a Restricted Stock Award of 200,000 restricted shares of common stock under the 2026 Omnibus Equity Incentive Plan. ChronoScale Corporation is a technology company providing data center and infrastructure-related services.
ChronoScale Corporation entered into an unsecured Demand Grid Promissory Note with Applied Digital Corporation on June 26, 2026, providing a maximum principal amount of $100,000,000 in a line of credit. The note is non-convertible and interest is payable at the short-term Applicable Federal Rate compounded semiannually. The Lender and its subsidiary hold approximately 96% of the Company's common stock. ChronoScale Corporation operates in the technology sector and provides computing or data infrastructure services.