Form 8-K

8-K — ChronoScale Holdings Corp

Accession: 0001493152-26-045612

Filed: 2026-10-02

Period: 2026-09-29

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: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-3.1 (ex3-1.htm)

EX-99.1 (ex99-1.htm)

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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

September

29, 2026

(Date

of earliest event reported)

CHRONOSCALE

HOLDINGS CORPORATION

(Exact

name of registrant as specified in its charter)

Nevada

001-37854

42-3357005

(State

or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS

Employer

Identification No.)

2440

Sand Hill Road,

Suite

400

Menlo

Park, California

94025

(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

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, par value $0.001 per share

CHRN

Nasdaq

Capital Market

Item

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

Certain Officers.

Separation

and Severance Agreement with Mr. Jones

On September 30, 2026, ChronoScale Holdings Corporation, a Nevada corporation (the “Company”) completed

the sale of its wholly owned subsidiary, Ekso Bionics, Inc. (“Ekso”) (the “Transaction”). In

connection with the Transaction, on September 30, 2026 (the “Separation Date”), Jason C. Jones, the Chief Operating Officer

of Ekso, an indirect wholly owned subsidiary of the Company, was terminated from his position as Chief Operating Officer of Ekso, effective

as of the Separation Date.

connection with Mr. Jones’ separation, Ekso entered into a Severance and Release Agreement with Mr. Jones (the “Severance

Agreement”), effective as of the Separation Date. Under the Severance Agreement, Mr. Jones is entitled to receive (i) a lump-sum

cash payment of $243,750, less applicable withholdings and deductions, if any, representing nine months of his base salary, payable on

the Company’s first regularly scheduled payroll date following execution of the Severance Agreement, and (ii) Company-paid or reimbursed

premiums for COBRA continuation coverage for Mr. Jones and his eligible dependents for up to nine months following the Separation Date,

subject to earlier termination if Mr. Jones becomes covered under a similar plan or ceases to be eligible for COBRA coverage. The severance

benefits are subject to Mr. Jones’s general release of claims and compliance with the Severance Agreement and his continuing restrictive

covenants.

exchange for the severance benefits, Mr. Jones has agreed to a general release of claims against the Company and its past, present, and

future parent organizations, subsidiaries, and affiliated entities.

Mr.

Jones’s Phantom Performance-Based Restricted Stock Unit Agreement, dated November 5, 2025, as amended May 20, 2026, remains unchanged

and in effect in accordance with its terms.

The

Severance Agreement satisfies the severance and benefit obligations under Mr. Jones’s Change in Control and Severance

Agreement with ChronoScale Intermediate LLC, dated November 5, 2025, which was filed as Exhibit 10.4 to the Company’s Current

Report on Form 8-K filed on November 7, 2025.

Item

5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

The

Company previously designated 5,852 shares of preferred stock as Series B Convertible Preferred Stock (the “Preferred Stock”).

September 29, 2026, the Company filed a Withdrawal of Designation relating to the Preferred Stock (the “Withdrawal of Designation”)

with the Secretary of State of the State of Nevada and terminated the designation of the Preferred Stock. At the time of the filing of

the Withdrawal of Designation, no shares of the Preferred Stock were outstanding. The Withdrawal of Designation was effective upon filing

and eliminated from the Company’s Amended and Restated Articles of Incorporation, as amended, all matters set forth in the previously

filed Certificate of Designation with respect to the previously designated Preferred Stock.

The

foregoing description of the Withdrawal of Designation does not purport to be complete and is qualified in its entirety by reference

to the Withdrawal of Designation, a copy of which is filed as Exhibit 3.1 hereto and which is incorporated herein by reference.

Item

7.01 Regulation FD Disclosure

Press

Release

October 1, 2026, the Company issued a press release announcing the sale of Ekso and the expansion of an agreement with an existing AI

infrastructure customer. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The

information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of

Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities

of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the

Exchange Act, except as expressly set forth by specific reference in such a filing.

Item

9.01. Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

No.

Description

3.1

Certificate, Amendment or Withdrawal of Designation, relating to the Series B Convertible Preferred Stock, filed with the Secretary of State of Nevada on September 29, 2026.

99.1

Press Release, dated October 1, 2026.

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document).

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:

October 2, 2026

By:

/s/

Jerome Wong

Name:

Jerome

Wong

Title:

Chief

Financial Officer

EX-3.1

Filename: ex3-1.htm · Sequence: 2

Exhibit 3.1

EX-99.1

Filename: ex99-1.htm · Sequence: 3

Exhibit

99.1

Next-Gen

Hybrid AI

ChronoScale

Announces Agreements Bringing Total Company Contracted Run-Rate Revenue to $1 Billion and Sale of Ekso Bionics Business Unit

● Expanded

agreement with an existing AI infrastructure customer and new customer agreement increases

contracted deployment pipeline and is expected to drive Company annualized revenue run rate

to $1 billion by calendar Q3 2027

● ChronoScale

completes previously disclosed sale of Ekso Bionics business unit

MENLO

PARK, Calif., October 1, 2026 (GLOBE NEWSWIRE) — ChronoScale Holdings Corporation (NASDAQ: CHRN) (“ChronoScale”

or the “Company”), an accelerated compute platform purpose-built to support demanding artificial intelligence (AI) workloads,

today announced a significant expansion of an existing customer agreement and a separate agreement with a new customer, that increases

the scale of its contracted AI infrastructure deployments and further strengthens the Company’s contracted revenues.

New

Infrastructure Agreements

ChronoScale

has signed a contract extension with an existing AI infrastructure customer and an agreement with a new AI infrastructure customer. These

two agreements extend the Company’s contracted deployment pipeline and expand its overall capacity.

Together

with ChronoScale’s existing customer contracts and current deployment schedule, these two agreements provide for annualized run-rate

revenue of $1 billion by calendar Q3 2027.1

These

customer commitments represent another step in ChronoScale’s strategy to develop long-term relationships with AI infrastructure

customers and scale capacity alongside their growing compute requirements.

Achievement

and timing of this contracted revenue remain subject to a number of risks and uncertainties, including the successful and timely deployment

and commissioning of planned infrastructure capacity, availability of power and equipment, and the Company’s ability to access

capital on acceptable terms, among other factors.

“We

view the expansion of this existing customer relationship and the onboarding of the new customer as an important validation of both the

demand we are seeing and our ability to grow alongside our customers,” said Cenly Chen, Chief Executive Officer of ChronoScale.

“With these agreements, together with our existing contracts and current deployment schedule, we now have agreements in place that

provide for $1 billion in annualized revenue run rate during calendar 2027. Our focus is on disciplined execution and delivering the

infrastructure our customers need at scale.”

Ekso

Bionics Business Unit Sale

ChronoScale

also announced the completion of the sale of its Ekso Bionics business unit, which the Company believes will allow it to focus its operations,

management resources and capital allocation on its core accelerated compute and AI infrastructure business.

The

divestiture follows the formation of ChronoScale through the strategic combination of Applied Digital’s cloud business and EKSO

Bionics Holdings, Inc. ChronoScale now operates as an independent public company focused on scalable GPU-based infrastructure optimized

for AI training, inference and high-performance computing.

Cenly

Chen added: “We intend the sale of the Ekso Bionics business to allow us to further sharpen our focus and concentrate our resources

on what we see as the significant opportunity ahead in AI infrastructure.”

ChronoScale

is building its platform to address growing enterprise and AI-native demand for dedicated computing environments capable of supporting

increasingly demanding AI workloads. The Company’s strategy centers on delivering scalable accelerated computing capacity with

the performance, consistency and operational execution required for large-scale deployments.

###

Annualized revenue run-rate is an operating metric and a non-GAAP measure, calculated by multiplying revenue recognized under contracts

in a quarterly period by four. The revenue recognized under these contracts is based on current assumptions and not a forecast of revenue

for any specific reporting period.

ChronoScale Corporation

| 2440 Sand Hill Rd, Suite 400, Menlo Park, CA 94025

www.chronoscale.com

Page 1 of 2

Next-Gen

Hybrid AI

About

ChronoScale

(Nasdaq: CHRN) is an accelerated compute platform purpose-built to support demanding artificial intelligence workloads. Focused on large-scale

deployments, the platform delivers dedicated compute environments optimized for performance, consistency, and long-term operational execution,

with the ability to scale capacity alongside accelerating AI demand.

Forward-Looking

Statements

in this Press Release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not

historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform

Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,”

“expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,”

“should,” “target,” “will,” “would,” and similar expressions are intended to identify

forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements

include but are not limited to: (i) statements regarding the Company, its plans and objectives and anticipated future economic performance;

(ii) statements about the cloud compute industry; (iii) statements regarding the Company’s ability to expand capacity and meet

accelerating demand; (iv) statements regarding the Company’s ability to execute on planned infrastructure deployments and commissioning

schedules; (v) statements regarding the performance of customers, suppliers, utilities and other counterparties;; and (vi) statements

of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking

statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying

assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company’s

expectations. These risks, uncertainties, and other factors include: the ability to raise capital to fund the acquisition and deployment

of GPUs, other equipment and other capital expenditures; the timely achievement of the deployment schedule in its customer agreements;

customer concentration and the ability to renew or expand customer relationships; achievement of our target annualized run-rate revenue

and revenue expectations in connection with our customer contracts; limitations on the Company’s ability to attract and retain

key personnel, including executive officers and Board members of the Company; the success of the Company’s risk management activities,

including any failure by the Company to implement and maintain effective internal controls; cash flow and access to capital; conditions

in the debt and equity capital markets; slower than anticipated growth in the cloud compute industry; uncertainties related to market

conditions, and other factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K filed

with the SEC on August 19, 2026, and the risks described in other filings that the Company may make from time to time with the SEC. Any

forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any

obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the

extent required by applicable law.

Investor

Relations & Media Contacts

Matt

Glover or Ralf Esper

Gateway

Group, Inc.

(949)

574-3860

CHRN@gateway-grp.com

ChronoScale Corporation

| 2440 Sand Hill Rd, Suite 400, Menlo Park, CA 94025

www.chronoscale.com

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