CHRN on Nasdaq

ChronoScale Holdings Corp

ChronoScale Holdings Corp is a general industrial machinery and equipment company, listed on Nasdaq (CHRN).1 It is headquartered in Dallas, Texas.1

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Last updated Oct 21, 2026.

Overview

$71.6MRevenue, fiscal 20262
-$50.3MNet income, fiscal 20262

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  • TickerCHRN on Nasdaq1
  • IndustryGeneral Industrial Machinery & Equipment, NEC1
  • HeadquartersDallas, Texas1
  • Incorporated inNV3
  • Business address3811 Turtle Creek Blvd., Suite 2100, Dallas, Tx 752193
  • Filer categoryNon-accelerated filer, Smaller reporting company3

On May 5, 2026, we consummated the previously announced business combination transaction (the “Business Combination”) contemplated by that certain Contribution and Exchange Agreement (the “Contribution and Exchange Agreement”), dated February 15, 2026, by and among Ekso Bionics Holdings, Inc., a Nevada corporation (“Ekso”), APLD Intermediate HoldCo LLC, a Delaware limited liability company (“APLD Intermediate”), APLD ChronoScale HoldCo LLC, a Delaware limited liability company and a wholly-owned subsidiary of APLD Intermediate (“Contributor”), each a wholly-owned direct or indirect subsidiary of Applied Digital Corporation, a Nevada corporation (“Applied Parent”), and Cloud, which immediately prior to the consummation of the Business Combination (the “Closing”) was a wholly-owned indirect subsidiary of Applied Parent and a direct subsidiary of Contributor. Upon the Closing, Ekso changed …5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-52.4%Operating margin2
-70.3%Net margin2
459.4%Revenue growth, 20262
-28.0%Return on equity2
0.00×Debt to equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 58% of the revenue ChronoScale Holdings Corp broke down this way in fiscal 2025.

  1. United States$7.4M658%down 23% from 2024
  2. Other Country$2.4M618%down 20% from 2024
  3. Asia Pacific$1.5M612%down 19% from 2024
  4. France$1.4M611%down 52% from 2024
  5. Americas Other$72.0K61%down 83% from 2024
Regions by year
Regions20242025
United States$9.7M$7.4M
Other Country$2.9M$2.4M
Asia Pacific$1.9M$1.5M
France$3.0M$1.4M
Americas Other$421.0K$72.0K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue82¢$88.7M
  • Selling, general and admin18¢$19.8M

Out of $71.6M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Kept or used elsewhere100¢$39.1M

Out of $39.1M of cash from operations.2

Financial statements

Revenue789101162$71.6M in 2026+415% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $13.9M$13.9M20192020: $8.9M$8.9M2020−36%2021: $11.2M$11.2M2021+27%2022: $12.9M$12.9M2022+15%2023: $18.3M$18.3M2023+42%2024: $17.9M$17.9M2024−2%2025: $12.8M$12.8M2025−29%2026: $71.6M$71.6M2026+459%
Gross profit78910116$6.8M in 2025+1% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $6.8M$6.8M20192020: $5.1M$5.1M2020−25%2021: $6.7M$6.7M2021+33%2022: $6.2M$6.2M2022−8%2023: $9.1M$9.1M2023+46%2024: $9.5M$9.5M2024+5%2025: $6.8M$6.8M2025−28%
Operating income789101162-$37.5M in 2026+125% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$16.6M-$16.6M20192020: -$13.3M-$13.3M2020−20%2021: -$13.8M-$13.8M2021+4%2022: -$15.6M-$15.6M2022+12%2023: -$15.1M-$15.1M2023−3%2024: -$10.5M-$10.5M2024−31%2025: -$13.3M-$13.3M2025+27%2026: -$37.5M-$37.5M2026+181%
Net income789101162-$50.3M in 2026+315% since 2019
-$60.0M-$40.0M-$20.0M02019: -$12.1M-$12.1M20192020: -$15.8M-$15.8M2020+30%2021: -$9.8M-$9.8M2021−38%2022: -$15.1M-$15.1M2022+54%2023: -$15.2M-$15.2M2023+1%2024: -$11.3M-$11.3M2024−25%2025: -$11.7M-$11.7M2025+3%2026: -$50.3M-$50.3M2026+330%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-05-312025-05-31
Total revenue$71.6M$84.4M
Cost of revenues$88.7M$115.3M
Selling, general and administrative$19.8M$24.8M
Loss (gain) on sale of assets$598.0K-$414.0K
Total costs and expenses$109.1M$139.7M
Operating loss-$37.5M-$55.3M
Interest expense, net$9.6M$17.4M
Loss on change in fair value of warrants$2.2M$0
Other Expense, net$8.0K$0
Net loss from continuing operations before income tax expense-$49.3M-$72.7M
Income tax expense (benefit)$0$0
Net loss from continuing operations-$49.3M-$72.7M
Net loss from discontinued operations-$1.0M$0
Net loss-$50.3M-$72.7M
Continuing operations, basic (in dollars per share)-$0-$1
Continuing operations, diluted (in dollars per share)-$0-$1
Discontinued operations, basic (in dollars per share)-$0$0
Discontinued operations, diluted (in dollars per share)-$0$0
Basic net loss per share (in dollars per share)-$0.36-$0.53
Diluted net loss per share (in dollars per share)-$0.36-$0.53
Basic weighted average number of shares outstanding (in shares)138.7M shares138.2M shares
Diluted weighted average number of shares outstanding (in shares)138.7M shares138.2M shares

Compare ChronoScale Holdings Corp with another company

Corporate structure

ChronoScale Holdings Corp sits at the top of its group. 6 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ChronoScale Holdings Corp

  • Applied Digital Corp. Filed SCHEDULE 13D/A on ChronoScale Holdings Corp, latest Jun 26, 2026 (2 filings since May 12, 2026)
  • ARMISTICE CAPITAL, LLC Filed SCHEDULE 13G/A on ChronoScale Holdings Corp, latest May 15, 2026 (6 filings since Nov 14, 2024)
  • Mink Brook Asset Management LLC Filed SCHEDULE 13G/A on ChronoScale Holdings Corp, latest May 14, 2026 (2 filings since Apr 9, 2026)
  • Keith Kosow Filed SCHEDULE 13G on ChronoScale Holdings Corp, latest Mar 19, 2026
  • Daniel Asher Filed SCHEDULE 13G/A on ChronoScale Holdings Corp, latest Jan 29, 2026 (2 filings since Jan 8, 2026)
  • Kent Lake PR LLC Filed SCHEDULE 13G/A on ChronoScale Holdings Corp, latest Feb 14, 2025 (2 filings since Sep 12, 2024)
  • Azimut Investments S.A. Filed SC 13G/A on ChronoScale Holdings Corp, latest Feb 11, 2022
  • ChronoScale Holdings Corp Dallas, Texas
    • ChronoScale Corporation Subsidiary · Nevada, United States
    • ChronoScale Intermediate LLC Subsidiary · Nevada, United States
    • Ekso Bionics (Asia) Pte. Ltd. Subsidiary · Singapore
    • Ekso Bionics GmbH Subsidiary · Germany
    • SAI Computing LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ChronoScale Holdings Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$40.5M2 May 31, 2026$13.6M2 May 31, 2025+197.7%
Accumulated depreciation$8.4M2 May 31, 2026$2.7M2 May 31, 2025+213.8%
Property and equipment, net$32.1M2 May 31, 2026$10.9M2 May 31, 2025+193.7%
Finance-lease assets$122.5M2 May 31, 2026$195.5M2 May 31, 2025−37.3%
Operating-lease assets (leased space)$72.0M2 May 31, 2026$91.4M2 May 31, 2025−21.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.7M2 May 31, 2026$2.4M2 May 31, 2025+303.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$54.5M2 May 31, 2026$02 May 31, 2025
Intangible assets, net (excluding goodwill)$3.5M6 Dec 31, 2025$4.6M6 Dec 31, 2024−23.6%
Accumulated amortization$970.0K6 Dec 31, 2025$640.0K6 Dec 31, 2024+51.6%
Finite-lived intangibles, net$1.8M6 Dec 31, 2025$2.3M11 Dec 31, 2024−22.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.8M6 Dec 31, 2025$4.6M6 Dec 31, 2024+5.5%
Raw materials$3.6M6 Dec 31, 2025$3.6M6 Dec 31, 2024+1.2%
Work in process$102.0K6 Dec 31, 2025$177.0K6 Dec 31, 2024−42.4%
Finished goods$1.1M6 Dec 31, 2025$843.0K6 Dec 31, 2024+33.7%

Properties, in its own words

Our principal executive office is currently located at 2440 Sand Hill Road, Suite 400, Menlo Park, California 94025, where we lease 4,503 square feet.

We lease 1.5 MW, 5 MW, and 7.5 MW of power capacity and space from third-party-owned colocation data centers in Minnesota, Utah, and Colorado, respectively. We use these locations as operating space.

Item 2 of the 10-K filed Aug 19, 2026.5

Leadership

Who has led ChronoScale Holdings Corp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ChronoScale Corporation Nevada4
  • ChronoScale Holdings Corporation Nevada4
  • ChronoScale Intermediate LLC Nevada4
  • Ekso Bionics (Asia) Pte. Ltd. Singapore4
  • Ekso Bionics GmbH Germany4
  • Ekso Bionics, Inc. Delaware4
  • SAI Computing LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • ChronoScale CorpMay 12, 2026 to Jul 1, 20263
  • EKSO BIONICS HOLDINGS, INC.Jan 23, 2014 to May 5, 20263
  • PN Med Group IncMay 8, 2012 to Dec 31, 20133

Timeline

  1. Oct 15, 20268-K Results of operations49
  2. Oct 6, 20268-K Executive or director change50
  3. Oct 2, 20268-K Executive or director change; Bylaws or fiscal year changed; Regulation FD disclosure51
  4. Sep 16, 20268-K Entered a material agreement52
  5. Aug 27, 20268-K Regulation FD disclosure; Other events53
  6. Aug 18, 20268-K Executive or director change54
  7. Jun 30, 20268-K Executive or director change; Other events55
  8. Jun 30, 20268-K Other events56
  9. Jun 26, 20268-K Entered a material agreement; New debt or obligation57
  10. Jun 4, 20268-K Exit or restructuring costs58
  11. May 20, 20268-K Executive or director change59
  12. May 5, 20268-K Entered a material agreement; Completed an acquisition or sale; Results of operations60
  13. Aug 7, 2018New chief executive Jack Peurach becomes CEO16
  14. Mar 3, 2016New chief executive Tom Looby becomes CEO17
  15. May 6, 2015New chief executive Nathan Harding becomes CEO18

Calendar

When it reported results

  1. Oct 15, 2026Reported quarterly or annual results49
  2. May 5, 2026Reported quarterly or annual results60
  3. Feb 17, 2026Reported quarterly or annual results61
  4. Oct 28, 2025Reported quarterly or annual results62
  5. Jul 28, 2025Reported quarterly or annual results63
  6. May 5, 2025Reported quarterly or annual results64
  7. Mar 3, 2025Reported quarterly or annual results65
  8. Jan 13, 2025Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

285 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 64 major events, 115 insider forms, 16 large holders, 68 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 14, 202610-Q EDGAR
  3. Oct 9, 2026EFFECT EDGAR
  4. Oct 6, 20264 EDGAR
  5. Oct 6, 2026S-8 POS EDGAR
  6. Oct 6, 2026S-8 POS EDGAR
  7. Oct 6, 2026S-8 POS EDGAR
  8. Oct 6, 20268-K EDGAR
  9. Oct 6, 2026S-8 POS EDGAR
  10. Oct 6, 2026S-8 POS EDGAR
  11. Oct 6, 2026S-8 POS EDGAR
  12. Oct 6, 2026S-8 POS EDGAR
  13. Oct 6, 2026S-8 POS EDGAR
  14. Oct 6, 2026S-8 POS EDGAR
  15. Oct 6, 2026S-8 POS EDGAR
  16. Oct 6, 2026S-8 POS EDGAR
  17. Oct 6, 2026S-3 EDGAR
  18. Oct 2, 20268-K EDGAR
  19. Sep 29, 2026DRS EDGAR
  20. Sep 25, 2026ARS EDGAR

The 285 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

44 open-market trades by officers, directors and large owners since October 2021: 13 buys and 31 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 16, 2026Jones Jason CChief Operating OfficerBuy1,308$11.85$15.5KForm 4
Mar 16, 2026Wong JeromeChief Financial OfficerBuy1,308$11.85$15.5KForm 4
Feb 19, 2026ASHER DANIEL10% ownerBuy15,540$12.30$191.1KForm 4
Feb 19, 2026ASHER DANIEL10% ownerBuy1,200$9.60$11.5KForm 4
Feb 13, 2026ASHER DANIEL10% ownerBuy27,192$9.03$245.6KForm 4
Feb 12, 2026ASHER DANIEL10% ownerBuy39,032$9.57$373.7KForm 4
Feb 11, 2026ASHER DANIEL10% ownerBuy20,611$9.69$199.7KForm 4
Feb 10, 2026ASHER DANIEL10% ownerBuy10,200$9.92$101.2KForm 4
Feb 9, 2026ASHER DANIEL10% ownerBuy4,800$9.96$47.8KForm 4
Feb 6, 2026ASHER DANIEL10% ownerBuy194$9.86$1.9KForm 4
Jan 6, 2026Jones Jason CChief Operating OfficerSale1,320$9.25$12.2KForm 4
Dec 9, 2025Jones Jason CChief Operating OfficerSale270$4.70$1.3KForm 4
Dec 9, 2025Wong JeromeChief Financial OfficerSale1,238$4.70$5.8KForm 4
Nov 10, 2025Wong JeromeChief Financial OfficerSale11,288$4.80$54.2KForm 4
Nov 10, 2025Jones Jason CChief Operating OfficerSale9,723$4.80$46.7KForm 4
Nov 10, 2025Davis Scott G.DirectorSale23,315$4.80$111.9KForm 4
Nov 2, 2023Lathan CorinnaDirectorBuy4,032$1.24$5.0KForm 4
Aug 23, 2023Lathan CorinnaDirectorBuy5,500$0.95$5.2KForm 4
Aug 17, 2023Davis Scott G.DirectorSale37,446$1.00$37.4KForm 4
Aug 17, 2023Wong JeromeChief Financial OfficerSale12,784$1.00$12.8KForm 4

All 44 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 44. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vident Advisory, LLC333,705$7.4M0.1%New
Hood River Capital Management LLC118,011$2.6M0.0%New
Millennium Management LLC72,275$1.6M0.0%New
Vontobel Holding Ltd.61,652$1.4M0.0%New
Point72 Asset Management, L.P.59,793$1.3M0.0%New
Geode Capital Management, LLC57,119$1.3M0.0%New
Bank Of America Corp /de/39,325$873.8K0.0%New
Morgan Stanley37,831$840.6K0.0%New
Vanguard Capital Management LLC37,583$835.1K0.0%New
Brevan Howard Capital Management LP31,725$704.9K0.0%New
BlackRock, Inc.25,966$577.0K0.0%New
Jane Street Group, LLC24,774$550.5K0.0%New
Sei Investments Co21,643$480.9K0.0%New
Prime Capital Investment Advisors, LLC20,000$444.4K0.0%New
Shay Capital LLC17,974$399.4K0.0%New
Cresset Asset Management, LLC17,643$392.0K0.0%New
Verition Fund Management LLC15,000$333.3K0.0%New
Vanguard Fiduciary Trust Co14,215$315.9K0.0%New
LPL Financial LLC13,481$299.5K0.0%New
Manufacturers Life Insurance Company, The12,041$267.6K0.0%New
Qube Research & Technologies Ltd11,358$252.4K0.0%New
UBS Group AG9,457$210.1K0.0%New
Vanguard Global Advisers, LLC1,853$41.2K0.0%New
Compagnie Lombard Odier SCmA1,666$37.0K0.0%New
Golden State Wealth Management, LLC1,299$28.9K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How ChronoScale Holdings Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARChronoScale Holdings Corp1
  • CIK0001549084
  • Employer ID (EIN)42-33570055
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inNevada5
  • Fiscal year endsMay 311
  • Industry code (SIC)3569 General Industrial Machinery & Equipment, NEC1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address2440 Sand Hill Road, Suite 400, Menlo Park, CA 940251
  • Phone(650) 977-49691
  • Shares outstanding145,637,452 as of Oct 13, 202614
  • Public float$15.6M as of Nov 28, 20255
  • AuditorCBIZ CPAs P.C., New York, NY PCAOB ID 199; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceMay 8, 20121
  • Filings725 in all: 4 (183), 8-K (168), 10-Q (44), 3 (38), UPLOAD (21), S-8 (20), 424B3 (18), 424B5 (18)1
    All 55 form types

    CORRESP (17), 10-K (14), DEF 14A (14), EFFECT (14), 8-K/A (11), S-8 POS (11), 10-Q/A (10), DEFA14A (10), 4/A (9), S-1/A (8), S-3 (8), SCHEDULE 13G/A (8), D (6), SC 13D/A (6), 11-K (5), PRE 14A (5), SC 13G (5), ARS (4), S-1 (4), SCHEDULE 13G (4), 10-K/A (3), 424B1 (3), FWP (3), NT 10-Q (3), SC TO-I/A (3), 3/A (2), POS AM (2), PRER14C (2), SC 13D (2), SEC STAFF LETTER (2), 424B2 (1), 424B4 (1), 8-A12B (1), 8-A12G (1), 8-K12B (1), CERTNAS (1), CT ORDER (1), DEF 14C (1), DRS (1), NTN 10K (1), PREM14C (1), PRER14A (1), S-3/A (1), SC 13G/A (1), SC TO-I (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Aug 19, 2026
    Quarterly report (10-Q) Oct 14, 2026
    Proxy statement (DEF 14A) Sep 25, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareCHRNNasdaq

From the cover page of the 10-K filed Aug 19, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks ChronoScale Holdings Corp names in Item 1A of its 10-K filed Aug 19, 2026: 61 risks under these headings, as written.5

  • ones facing us. Additional risks and uncertainties may exist that could also adversely affect our business, operations and financial condition. If any of the following risks actually materialize, our business, financial condition and/or operations could suffer. In such event, the value of our common stock could decline, and you could lose all or a substantial portion of the money that you paid for our common stock.
  • Risks Related to Our Business and Operations
  • Combining our Legacy Ekso Business and Cloud Business may be more difficult, costly and time-consuming than expected, which may adversely affect our results and negatively affect the value of our common stock.
  • We expect to need to raise external funds to support our growth strategy. Such capital raises are expected to cause dilution to our stockholders.
  • We are a “controlled company” under Nasdaq’s corporate governance rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements. As a result, investors in the Company do not have the same protections afforded to stockholders of companies that are subject to such requirements.
  • Commencing November 30, 2026 (the end of our second fiscal quarter), we will no longer qualify as a smaller reporting company and will be subject to additional laws and regulations affecting public companies that will increase our costs and the demands on management and could harm our operating results.
  • We have a history of net losses and may continue to incur net losses for the foreseeable future.
  • Our Cloud Business has had, and is expected to continue to have, significant customer concentration.
  • Failure to attract, grow and retain a diverse and balanced customer base, including key magnet customers, could harm our business and operating results.
  • Our Cloud Business’ customer has historically made advance deposits based on anticipated future usage, and may continue to do so.
  • We may face pricing pressures as our industry evolves, and any significant or sustained reductions in pricing may reduce our margins and adversely affect our business, operating results, financial condition and future prospects.
  • Technological developments in generative AI and inference, such as the development of AI models that require less computation power than earlier models, may result in decreased or differing demand for our offerings.
The other 50 risks
  • Our estimates of market opportunity and forecasts of market growth may prove to be inaccurate, which could result in our business failing to meet its growth targets, which could negatively affect our financial condition, results of operations and future prospects.
  • Our Cloud Business faces significant and evolving competition, and any inability to adapt to new and changing technologies and customer requirements or specifications could negatively affect our financial condition, results of operations and future prospects.
  • We are currently dependent on a limited number of suppliers and our Cloud Business may be adversely affected if we are unable to source and acquire sophisticated hardware on acceptable terms and on time. Any supply chain disruptions, delays in delivery or increased costs could adversely affect our growth plans, financial condition and results of operations.
  • Any disruption to colocation space or services from third-party providers, or our ineffective management of relationships with third parties could harm our business, financial condition, operating results, cash flows, and prospects.
  • Cybersecurity, physical security, and infrastructure disruptions could materially adversely affect our business.
  • Certain natural disasters or other external events, including climate change or mechanical failures, could harm our business, financial condition, results of operations, cash flows, and prospects.
  • We may be unable to deploy GPU infrastructure on the timelines committed to Microsoft, or at all, and any such delays in deployment or failure to deploy could result in significant financial penalties against us, contract termination, or loss of some or substantially all of our anticipated revenue.
  • As we invest in our expansion efforts, if we fail to effectively manage our growth, our business, financial condition and results of operations could be harmed.
  • Our level of debt in the future may negatively impact our liquidity, restrict our operations and ability to respond to business opportunities, and increase our vulnerability to adverse economic and industry conditions.
  • Joint ventures, joint ownership arrangements and other projects pose unique challenges and we may not be able to fully implement or realize synergies, expected returns or other anticipated benefits associated with such projects.
  • The loss of any of our management team, our inability to execute an effective succession plan, or our inability to attract and retain qualified personnel, could adversely affect our business.
  • We may become involved in litigation arising in the ordinary course of our business that may materially adversely affect us.
  • Employee disputes or litigation and related unfavorable publicity may negatively affect our future business, financial condition, and operating results.
  • Unfavorable global economic conditions and adverse developments with respect to financial institutions and associated liquidity risk could adversely affect our business, financial condition and stock price.
  • The development and use of AI tools is subject to intense political scrutiny and evolving, complex and potentially divergent regulatory frameworks across multiple jurisdictions, and the impact of such regulatory developments on our businesses remains uncertain. If we are unable to comply with such laws and regulations and related export controls and other regulations, or if such requirements limit our ability to implement our business model, we may be subject to litigation, investigation or penalties, and our businesses and results of operations could be negatively impacted.
  • Our inability to market and close the sale of our Legacy Ekso Business that is currently held for sale and treated as discontinued operations may have a material adverse impact on our business and financial condition.
  • Risks Related to Our Common Stock
  • Our stock price may be subject to volatility; this volatility may affect your ability to, and the price at which you could, sell our common stock.
  • Future issuances of our equity securities may result in dilution to existing stockholders and could adversely affect the market price of our common stock.
  • We do not expect to declare or pay dividends in the foreseeable future, which may limit the return our shareholders realize on their investment.
  • Provisions in our Articles (as defined below), our Bylaws (as defined below), and Nevada law may discourage a takeover attempt even if a takeover might be beneficial to our stockholders.
  • We are currently a “smaller reporting company” and the reduced reporting requirements applicable to such companies may make our common stock less attractive to investors.
  • Risks Related to our Legacy Ekso Business
  • If we fail to manage the complex and lengthy reimbursement process, our Legacy Ekso Business and operating results could be adversely affected.
  • The markets in which our products are sold are highly competitive and continue to develop, and important assumptions about the potential market for our current and future products may be inaccurate.
  • If we or our third-party manufacturers are unable to produce our products at a satisfactory quality, in a timely manner, in sufficient quantities or at an acceptable cost, our Legacy Ekso Business could be negatively impacted.
  • Shortages in the materials used to manufacture our products and supply chain disruptions, including as a result of changes in trade policies, could impact our current operations.
  • Certain of our Legacy Ekso Business customers utilize federal funding to purchase our products, and recent federal policy changes have disrupted, and could continue to disrupt, that funding.
  • Coverage policies and reimbursement levels of third-party payors, including VA, Medicare, Medicaid, and commercial payors may affect current demands for Legacy Ekso products.
  • We will experience long and variable sales cycles.
  • International sales of current Legacy Ekso products are subject to factors outside of our control.
  • We have historically relied, and in the future may rely, on sales of our EksoNR, Ekso Indego Therapy and Ekso Indego Personal for a significant portion of our Legacy Ekso Business revenue.
  • We rely on independent distributors for the sale and marketing of our products in certain geographies.
  • Shutdowns of the U.S. federal government could materially impair our Legacy Ekso Business and financial condition.
  • Legacy Ekso Intellectual Property Risks
  • Protecting our intellectual proprietary rights can be costly, and our success in doing so is not certain.
  • Intellectual property litigation and infringement claims could cause us to incur significant expenses or prevent us from selling certain of our products.
  • Some Legacy Ekso patents and patent applications are not within our complete control, which could reduce the value of those assets.
  • If we fail to comply with our obligations in the agreements under which we license intellectual property rights from third-parties or otherwise experience disruptions to our business relationships with our licensors, we could lose intellectual property rights that are important to our business.
  • Patent terms may be inadequate to protect our competitive position on our devices for an adequate amount of time.
  • Legacy Ekso Legal and Regulatory Compliance Risks
  • If we fail to obtain or maintain necessary regulatory clearances or approvals for our Legacy Ekso medical device products, our Legacy Ekso Business could be harmed.
  • Our Legacy Ekso products and operations are subject to extensive government regulation and oversight in the United States and other countries where we commercialize our medical devices.
  • Modifications to our current and future Legacy Ekso products may require new 510(k) clearances or premarket approvals, or may require us to cease marketing or recall the modified products until clearances are obtained.
  • We must obtain certain regulatory approvals in the EU, which could be costly and time-consuming and subject us to unanticipated delays or prevent us from marketing certain devices.
  • Our failure to meet strict post-market regulatory requirements with respect to our products could require us to pay fines, incur other costs or even close our facilities.
  • We may be subject to fines, penalties or injunctions if we are determined to be promoting the use of our products for unapproved or “off-label” uses.
  • We may be subject to adverse medical device reporting obligations, voluntary corrective actions or agency enforcement actions.
  • Failure to comply with anti-kickback and fraud regulations could result in substantial penalties and changes in our business operations.
  • Changes in law or regulation could make it more difficult and costly for us to manufacture, market and distribute our products or obtain or maintain regulatory approval of new or modified products.
  • Failure to comply with Health Insurance Portability and Accountability Act (HIPAA) or the HITECH Act and implementing regulations could result in significant penalties.
  • Legacy Ekso Product Liability Risks
  • Our Legacy Ekso products may become subject to voluntary or involuntary recall.
  • Our product liability insurance may not adequately cover potential claims or recalls.
  • Warranty claims and maintenance obligations for current Legacy Ekso products could result in additional operating costs.

Legal proceedings

From time to time, we may become involved in legal proceedings and claims arising in the ordinary course of business.

As of May 31, 2026, there were no pending or threatened lawsuits that could reasonably be expected to have a material adverse effect on the results of the Company’s consolidated operations. There are also no legal proceedings in which any of the Company's management or affiliates is an adverse party or has a material interest adverse to the Company's interest.

The results of any litigation cannot be predicted with certainty, and an unfavorable resolution in any legal proceedings could materially affect our future business, results of operations, or financial condition. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors. For additional information, please refer to Note 16. Commitments and Contingencies in our notes to the consolidated financial statements.

The opening of Item 3, Legal Proceedings.5

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