Form 8-K/A
8-K/A — ChronoScale Corp
Accession: 0001493152-26-024664
Filed: 2026-05-20
Period: 2025-11-05
CIK: 0001549084
SIC: 3569 (GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K/A — form8-ka.htm (Primary)
EX-10.1 (ex10-1.htm)
EX-10.2 (ex10-2.htm)
EX-10.3 (ex10-3.htm)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K/A
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): November 5, 2025
CHRONOSCALE
CORPORATION
(Exact
name of registrant as specified in its charter)
Nevada
001-37854
99-0367049
(State
or other jurisdiction
of
Incorporation)
(Commission
File Number)
(IRS
Employer
Identification
Number)
3811
Turtle Creek Blvd. Suite 2100
Dallas,
Texas
75219
(Address
of registrant’s principal executive office)
(Zip
code)
214-427-1704
(Registrant’s
telephone number, including area code)
Ekso
Bionics Holdings, Inc.
101
Glacier Point, Suite A
San
Rafael, CA 94901
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.001 per share
CHRN
Nasdaq
Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Explanatory
Note
This
Amendment to the Current Report on Form 8-K filed by Ekso Bionics Holdings, Inc. (n/k/a ChronoScale Corporation, the “Company”)
with the Securities and Exchange Commission (the “SEC”) on November 5, 2025, amends and supplements the disclosure with respect
to the phantom performance-based stock unit awards (“Phantom PSUs”) previously granted to Messrs. Scott G. Davis, Jerome
Wong and Jason Jones.
2
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
November 5, 2025, the Board of Directors of the Company (the “Board”) granted the following Phantom PSUs under the Ekso Bionics
Holdings, Inc. Amended and Restated 2014 Equity Incentive Plan, as amended (the “2014 Plan”): 185,000 Phantom PSUs to Mr.
Davis, 40,000 Phantom PSUs to Mr. Wong and 32,000 Phantom PSUs to Mr. Jones (collectively, the “Phantom PSU Awards” and each,
a “Phantom PSU Award”). The Phantom PSU Awards were subject to vesting based on each grantee’s continued employment
through both the occurrence of a Change in Control (as defined in the 2014 Plan) and the achievement of the applicable Stock Price Goal
(as defined in the applicable Phantom PSU Award agreement), in each case on or prior to the fifth anniversary of the grant date. The
Phantom PSU Awards also provided for settlement entirely in cash.
On
May 14, 2026, the Board, acting as administrator under the 2014 Plan, determined that the applicable Stock Price Goal set forth in the
Phantom PSU Awards had been achieved, that the transactions contemplated by that certain Contribution and Exchange Agreement, dated February
15, 2026 (filed with the SEC as Exhibit 10.1 to the Company’s Current Report on Form 8-K on February 17, 2026), which closed on
May 5, 2026 (the “Closing”), constituted a Change in Control under the Phantom PSU Awards and the 2014 Plan, and that
the grantees had remained continuously employed through the achievement of the Stock Price Goal and the occurrence of the Change in Control.
In addition, the Board amended the settlement terms in each of the Phantom PSU Awards to replace cash-only settlement with the settlement
terms described below.
As
amended, Mr. Davis’s Phantom PSU Award settles in the form of a combination of shares of the Company’s common stock, par
value $0.001 per share (the “Common Stock”) and a cash payment, as follows: (i) 109,357 vested shares of Common Stock, and
(ii) $1,000,000 in cash (representing the balance of Mr. Davis’s Phantom PSU Award, or 75,643 Phantom PSUs). As amended, Mr. Wong’s
and Mr. Jones’s Phantom PSU Awards will each be settled exclusively in the form of shares of Common Stock, in the
amount of 40,000 shares of Common Stock for Mr. Wong, and 32,000 shares of Common Stock for Mr. Jones. In accordance with the terms
of the agreements evidencing the Phantom PSU Awards, as amended, the cash payment to Mr. Davis, and the issuance of shares of Common
Stock to each of Messrs. Davis, Wong, and Jones, will be made as soon as administratively practicable following the Closing, but in no
event later than March 15, 2027.
Except
as described in this Item 5.02, the terms of the Phantom PSU Awards granted to Messrs. Davis, Wong and Jones on November 5, 2025 are
unchanged and remain in full force and effect.
The
foregoing descriptions of the amendments to the Phantom PSU Awards are not complete and are qualified in their entirety by reference
to the full text of the Amendments to the Phantom Performance-Based Restricted Stock Unit Award Agreements, copies of which are filed
as Exhibits 10.1, 10.2, and 10.3 hereto.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
Description
10.1*
Amendment
to Phantom Performance-Based Restricted Stock Unit Award Agreement, dated May 20, 2026 by and between ChronoScale Corporation
and Scott G. Davis
10.2*
Amendment
to Phantom Performance-Based Restricted Stock Unit Award Agreement, dated May 20, 2026 by and between ChronoScale Corporation
and Jerome Wong
10.3*
Amendment
to Phantom Performance-Based Restricted Stock Unit Award Agreement, dated May 20, 2026 by and between ChronoScale Corporation
and Jason Jones
104
Cover
Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 10.1, 10.2 and 10.3).
*
Filed
herewith.
3
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated:
May 20, 2026
CHRONOSCALE
CORPORATION
By:
/s/
Ying Cenly Chen
Name:
Ying
Cenly Chen
Title:
Chief
Executive Officer
4
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit
10.1
AMENDMENT
TO
PHANTOM
PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT
This
Amendment to PHANTOM PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Amendment”) is made as of May 20,
2026 (the “Amendment Effective Date”), by and among ChronoScale Corporation, a Nevada corporation f/k/a Ekso Bionics
Holdings, Inc. (the “Company”) and Scott Davis (the “Grantee”). Unless otherwise provided
herein, all capitalized terms used and not otherwise defined herein shall have the respective meanings assigned to such terms in that
certain Phantom Performance-Based Restricted Stock Unit Agreement, entered into as of the 5th day of November, 2025 (the “Original
Agreement”).
RECITALS
WHEREAS,
the Company previously entered into that certain Contribution and Exchange Agreement, dated February 15, 2026, by and between Applied
Digital Cloud Corporation (“Cloud”), the Company, APLD Intermediate HoldCo LLC and APLD ChronoScale HoldCo LLC (“ChronoScale
HoldCo”), as a result of which, among other things, (i) the Company changed its name to ChronoScale Corporation, (ii) ChronoScale
HoldCo contributed all of the issued and outstanding equity interests of Cloud to the Company in exchange for shares of common stock
of the Company representing approximately 97% of the equity of Company as of the closing, and (iii) Cloud became a wholly-owned subsidiary
of the Company (collectively, the “Transactions”);
WHEREAS,
the consummation of the Transactions constituted a Change in Control for purposes of the Original Agreement and the 2014 Plan;
WHEREAS,
settlement of the PSUs was triggered by the consummation of the Transactions;
WHEREAS,
Section 6 of the Original Agreement provides that settlement of the PSUs shall be made in cash;
WHEREAS,
the Company and the Grantee wish to amend the terms of the Original Agreement to provide for settlement of the PSUs in a combination
of cash and Shares as described more fully herein.
NOW
THEREFORE, in consideration of the covenants contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are mutually acknowledged, ChronoScale and Grantee hereby agree as follows:
1. Section
6 of the Original Agreement is hereby amended and restated in its entirety, to read as follows:
“6. Settlement
of PSUs. Subject to Section 13 hereof, as soon as administratively practical following the vesting date, and in any event no
later than March 15 of the calendar year following the calendar year in which such vesting date occurs, the Company shall deliver to
the Grantee (i) 109,357 Shares, and (ii) an amount in cash equal to the Fair Market Value of 75,643 Shares on the vesting date. The
Grantee hereby acknowledges and agrees that, with respect to the 75,643 PSUs to be settled in cash, the Company shall pay Grantee an
aggregate amount of $1,000,000, less any applicable withholdings, taxes, and deductions, in full satisfaction of such 75,643
PSUs.”
2. Entire
Agreement; Effect of Amendment. Except as specifically amended by this Amendment, all of the terms and conditions of the Original
Agreement shall remain in full force and effect. This Amendment, together with the Original Agreement, constitute the entire agreement
between the parties with respect to the subject matter hereof, and supersede any other written or oral agreement relating to the subject
matter hereof or thereof. This Amendment shall not be amended except by a written instrument executed by the Grantee and a duly authorized
officer of the Company.
3. Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
[Remainder
of Page Intentionally Left Blank]
IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the Amendment Effective Date.
CHRONOSCALE CORPORATION
By:
/s/ Jerome Wong
Name:
Jerome Wong
Title:
Chief Financial Officer
GRANTEE
Signature:
/s/
Scott Davis
Name:
Scott Davis
[SIGNATURE
PAGE TO THE AMENDMENT]
2
EX-10.2
EX-10.2
Filename: ex10-2.htm · Sequence: 3
Exhibit
10.2
AMENDMENT
TO
PHANTOM
PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT
This
Amendment to PHANTOM PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Amendment”) is made as of May 20,
2026 (the “Amendment Effective Date”), by and among ChronoScale Corporation, a Nevada corporation f/k/a Ekso Bionics
Holdings, Inc. (the “Company”) and Jerome Wong (the “Grantee”). Unless otherwise provided
herein, all capitalized terms used and not otherwise defined herein shall have the respective meanings assigned to such terms in that
certain Phantom Performance-Based Restricted Stock Unit Agreement, entered into as of the 5th day of November, 2025 (the “Original
Agreement”).
RECITALS
WHEREAS,
the Company previously entered into that certain Contribution and Exchange Agreement, dated February 15, 2026, by and between Applied
Digital Cloud Corporation (“Cloud”), the Company, APLD Intermediate HoldCo LLC and APLD ChronoScale HoldCo LLC (“ChronoScale
HoldCo”), as a result of which, among other things, (i) the Company changed its name to ChronoScale Corporation, (ii) ChronoScale
HoldCo contributed all of the issued and outstanding equity interests of Cloud to the Company in exchange for shares of common stock
of the Company representing approximately 97% of the equity of Company as of the closing, and (iii) Cloud became a wholly-owned subsidiary
of the Company (collectively, the “Transactions”);
WHEREAS,
the consummation of the Transactions constituted a Change in Control for purposes of the Original Agreement and the 2014 Plan;
WHEREAS,
settlement of the PSUs was triggered by the consummation of the Transactions;
WHEREAS,
Section 6 of the Original Agreement provides that settlement of the PSUs shall be made in cash;
WHEREAS,
the Company and the Grantee wish to amend the terms of the Original Agreement to provide for settlement of the PSUs in Shares as described more fully herein.
NOW
THEREFORE, in consideration of the covenants contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are mutually acknowledged, ChronoScale and Grantee hereby agree as follows:
1. Section
6 of the Original Agreement is hereby amended and restated in its entirety, to read as follows:
“6. Settlement
of PSUs. Subject to Section 13 hereof, as soon as administratively practical following the vesting date, and in any event no
later than March 15 of the calendar year following the calendar year in which such vesting date occurs, the Company shall deliver to
the Grantee a number of Shares equal to the number of PSUs granted pursuant to Section 1.1 of this Agreement.”
2. Entire
Agreement; Effect of Amendment. Except as specifically amended by this Amendment, all of the terms and conditions of the Original
Agreement shall remain in full force and effect. This Amendment, together with the Original Agreement, constitute the entire agreement
between the parties with respect to the subject matter hereof, and supersede any other written or oral agreement relating to the subject
matter hereof or thereof. This Amendment shall not be amended except by a written instrument executed by the Grantee and a duly authorized
officer of the Company.
3. Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
[Remainder
of Page Intentionally Left Blank]
IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the Amendment Effective Date.
CHRONOSCALE CORPORATION
By:
/s/ Ying
Cenly Chen
Name:
Ying Cenly Chen
Title:
Chief Executive Officer
GRANTEE
Signature:
/s/
Jerome Wong
Name:
Jerome Wong
[SIGNATURE
PAGE TO THE AMENDMENT]
2
EX-10.3
EX-10.3
Filename: ex10-3.htm · Sequence: 4
Exhibit
10.3
AMENDMENT
TO
PHANTOM
PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT
This
Amendment to PHANTOM PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Amendment”) is made as of May 20,
2026 (the “Amendment Effective Date”), by and among ChronoScale Corporation, a Nevada corporation f/k/a Ekso Bionics
Holdings, Inc. (the “Company”) and Jason Jones (the “Grantee”). Unless otherwise provided
herein, all capitalized terms used and not otherwise defined herein shall have the respective meanings assigned to such terms in that
certain Phantom Performance-Based Restricted Stock Unit Agreement, entered into as of the 5th day of November, 2025 (the “Original
Agreement”).
RECITALS
WHEREAS,
the Company previously entered into that certain Contribution and Exchange Agreement, dated February 15, 2026, by and between Applied
Digital Cloud Corporation (“Cloud”), the Company, APLD Intermediate HoldCo LLC and APLD ChronoScale HoldCo LLC (“ChronoScale
HoldCo”), as a result of which, among other things, (i) the Company changed its name to ChronoScale Corporation, (ii) ChronoScale
HoldCo contributed all of the issued and outstanding equity interests of Cloud to the Company in exchange for shares of common stock
of the Company representing approximately 97% of the equity of Company as of the closing, and (iii) Cloud became a wholly-owned subsidiary
of the Company (collectively, the “Transactions”);
WHEREAS,
the consummation of the Transactions constituted a Change in Control for purposes of the Original Agreement and the 2014 Plan;
WHEREAS,
settlement of the PSUs was triggered by the consummation of the Transactions;
WHEREAS,
Section 6 of the Original Agreement provides that settlement of the PSUs shall be made in cash;
WHEREAS,
the Company and the Grantee wish to amend the terms of the Original Agreement to provide for settlement of the PSUs in Shares as described more fully herein.
NOW
THEREFORE, in consideration of the covenants contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are mutually acknowledged, ChronoScale and Grantee hereby agree as follows:
1. Section
6 of the Original Agreement is hereby amended and restated in its entirety, to read as follows:
“6. Settlement
of PSUs. Subject to Section 13 hereof, as soon as administratively practical following the vesting date, and in any event no
later than March 15 of the calendar year following the calendar year in which such vesting date occurs, the Company shall deliver to
the Grantee a number of Shares equal to the number of PSUs granted pursuant to Section 1.1 of this Agreement.”
2. Entire
Agreement; Effect of Amendment. Except as specifically amended by this Amendment, all of the terms and conditions of the Original
Agreement shall remain in full force and effect. This Amendment, together with the Original Agreement, constitute the entire agreement
between the parties with respect to the subject matter hereof, and supersede any other written or oral agreement relating to the subject
matter hereof or thereof. This Amendment shall not be amended except by a written instrument executed by the Grantee and a duly authorized
officer of the Company.
3. Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
[Remainder
of Page Intentionally Left Blank]
IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the Amendment Effective Date.
CHRONOSCALE CORPORATION
By:
/s/ Jerome Wong
Name:
Jerome Wong
Title:
Chief Financial Officer
GRANTEE
Signature:
/s/
Jason Jones
Name:
Jason Jones
[SIGNATURE PAGE TO THE
AMENDMENT]
2
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v3.26.1
Cover
Nov. 05, 2025
Entity Addresses [Line Items]
Document Type
8-K/A
Amendment Flag
true
Amendment Description
This
Amendment to the Current Report on Form 8-K filed by Ekso Bionics Holdings, Inc. (n/k/a ChronoScale Corporation, the “Company”)
with the Securities and Exchange Commission (the “SEC”) on November 5, 2025, amends and supplements the disclosure with respect
to the phantom performance-based stock unit awards (“Phantom PSUs”) previously granted to Messrs. Scott G. Davis, Jerome
Wong and Jason Jones.
Document Period End Date
Nov. 05, 2025
Entity File Number
001-37854
Entity Registrant Name
CHRONOSCALE
CORPORATION
Entity Central Index Key
0001549084
Entity Tax Identification Number
99-0367049
Entity Incorporation, State or Country Code
NV
Entity Address, Address Line One
3811
Turtle Creek Blvd. Suite 2100
Entity Address, City or Town
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Entity Address, State or Province
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Entity Address, Postal Zip Code
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City Area Code
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Local Phone Number
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Title of 12(b) Security
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Trading Symbol
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Security Exchange Name
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Entity Emerging Growth Company
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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