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Form 8-K

sec.gov
APLD The article is a Form 8-K filing detailing the departure of directors, election of directors, and appointment of officers, including the granting of equity awards. It does not provide information that would indicate a positive or negative outlook for the company's stock. EKSO The article mentions Ekso Bionics Holdings, Inc. in the context of a proposed transaction and equity awards granted by Applied Digital Corp. The mention is factual and does not convey a specific sentiment towards EKSO's stock performance.

8-K — Applied Digital Corp.

Accession: 0001493152-26-017092

Filed: 2026-04-16

Period: 2026-04-10

CIK: 0001144879

SIC: 7374 (SERVICES-COMPUTER PROCESSING & DATA PREPARATION)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

DC 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

April

10, 2026

(Date

of earliest event reported)

APPLIED

DIGITAL CORPORATION

(Exact

name of registrant as specified in its charter)

Nevada

001-31968

95-4863690

(State

or other jurisdiction

of

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

No.)

3811

Turtle Creek Boulevard, Suite 2100, Dallas, Texas

75219

(Address

of principal executive offices)

(Zip

Code)

214-427-1704

(Registrant’s

telephone number, including area code)

N/A

(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))

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. ☐

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

APLD

Nasdaq

Global Select Market

Item

5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of

Certain Officers.

(e) In

connection with the previously announced proposed transaction pursuant to the Contribution and Exchange Agreement (the

“Contribution and Exchange Agreement”) by and among Ekso Bionics Holdings, Inc. (“EKSO”), APLD Intermediate

Holdco LLC, APLD ChronoScale HoldCo LLC (“HoldCo”), and Applied Digital Cloud Corporation, each a direct or indirect

wholly owned subsidiary of Applied Digital Corporation (the “Company”), on April 9, 2026, APLD ChronoScale Management

LLC (“Management LLC”), an entity formed for the purpose of issuing the equity awards described herein, granted certain

profits interests awards consisting of Management Incentive Plan Units (“MIP Units”) in Management LLC to the following

executive officers of the Company: Wes Cummins, Jason Zhang, Saidal Mohmand and Laura Laltrello (collectively, the

“Executive Officers”). Each of these awards was fully vested upon grant and was granted under a newly adopted APLD

ChronoScale Management LLC Equity Incentive Plan (the “Plan”).

The

Plan provides selected executives, key employees, consultants, independent contractors, board members, advisory board members, and

other service providers of the Holdco group of companies (the “Holdco Group”) with an incentive to participate in the

success and growth of the Holdco Group through awards of MIP Units, which are designed to track the appreciation in the equity of

EKSO to be held by the Company through Holdco.

In the aggregate, the awards to the

Executive Officers represent approximately 5.25% of the EKSO shares of common stock to be issued to Holdco pursuant to the Contribution

and Exchange Agreement.

SIGNATURE

Pursuant

to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be

signed on its behalf by the undersigned, thereunto duly authorized.

Dated:

April 16, 2026

By:

/s/

Saidal Mohmand

Name:

Saidal

Mohmand

Title:

Chief

Financial Officer

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Apr. 10, 2026

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APPLIED

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