<div><div></div><div><span><p><span>Applied Digital Corporation acquired a 97.5% stake in ChronoScale Corporation through a share exchange and a private placement. The transactions closed on May 5, 2026, and the company filed its Schedule 13D on May 12, 2026. The deal gives Applied Digital majority voting power and formal rights to shape ChronoScale’s board and strategy.</span></p><p><strong><span>Investor Intent</span></strong></p><p><span>Applied Digital obtained the right to &#34;designate four of the seven directors, including the Chairman&#34; under an Investor Rights Agreement. The company also secured consent rights, preemptive rights, and registration rights, and it signed a services agreement to provide management and corporate support to ChronoScale.</span></p><p><span>Applied Digital says ChronoScale is now a &#34;controlled company&#34; under Nasdaq rules and signals it may pursue strategic moves, including mergers, asset sales, joint ventures, financing support, or board and governance changes. The firm may buy more shares or sell or distribute shares as it reviews ChronoScale’s performance and options.</span></p><p><strong><span>Investor's Background</span></strong></p><p><span>Applied Digital Corporation is a Nevada-based technology company that designs, develops, and operates digital infrastructure for high-performance computing, artificial intelligence, and blockchain. The company runs large-scale data centers and has expanded into AI-focused cloud services. Applied Digital typically invests to build and control strategic infrastructure platforms tied to compute-intensive workloads.</span></p><p><span>Original SEC Filing: </span>ChronoScale Corp [ CHRN ] - SCHEDULE 13D - May. 12, 2026</p><section><b><span class="heading-aHOVUrmQ">Disclaimer</span></b><div><span>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</span></div></section></span></div></div>

APLD

IDGT

DTCR

CLOU

XDAT

APLX

SRVR

<p>Applied Digital Corporation has acquired a 97.5% stake in ChronoScale Corporation, gaining majority voting power and the ability to shape its board and strategy. The deal, finalized on May 5, 2026, allows Applied Digital to designate four of the seven directors and pursue strategic initiatives such as mergers and asset sales. ChronoScale is now classified as a "controlled company" under Nasdaq rules. Applied Digital focuses on digital infrastructure for high-performance computing and AI.</p>

Applied Digital Secures Board Control at ChronoScale with 97.5% Stake