On February 15, 2026, Applied Digital entered into a Contribution and Exchange Agreement to combine its cloud subsidiary, Applied Digital Cloud Corporation, with Ekso Bionics. At closing, Ekso will operate as the parent of the combined company and will change its name to ChronoScale Company. Wilson Sonsini Goodrich & Rosati is advising Ekso on the transaction.

Under the terms of the agreement, Applied Digital will contribute all of its right, title, and interest in and to 1,200 shares of the common stock of Cloud to Ekso in exchange for 138,216,820 newly issued shares of Ekso’s common stock. As a result, Applied Digital is expected to own approximately 97 percent of the combined company’s outstanding equity before giving effect to the other transactions in the Contribution and Exchange Agreement. The merger is expected to close in the second quarter of 2026.

The Wilson Sonsini team advising Ekso includes:

Corporate and Securities
Mark Baudler
Austin March
Annie Giomi

M&A
Ethan Lutske
Catherine Riley Tzipori
Robert Gunn
Rayna Guo
Sophia Kunthara
Adam Belkebir

Tax
Myra Sutanto Shen

Technology Transactions
Chris Paniewski
Andrew Poling
Brittany Von Rueden
Anna Weber

Employee Benefits and Compensation
Sriram Krishnamurthy
Matt Norgard
Jason Chan

Litigation
Ignacio Salceda
Becky Epstein

Employment Law
Matt Gorman
Quinn Christie
Sophia Friedfertig

Data, Privacy, and Cybersecurity
Matt Staples
Michael O’Brien

Regulatory
Eva Yin
Nawa Lodin

Delaware Law
Amy Simmerman
Ryan Greecher
Brian Currie

For more information, please see Ekso’s 8-K filing with the SEC.