EKSO Bionics (Nasdaq: EKSO) has signed a non-binding term sheet to combine its business with Applied Digital— a move that raised questions of what a merger could mean for EKSO’s exoskeleton business. EKSO’s announcement said the deal would merge “Applied Digital’s cloud computing business, Applied Digital Cloud, with EKSO, which, once closed, will go forward as ChronoScale Corporation, an accelerated compute platform purpose-built to support artificial intelligence workloads (the ‘proposed transaction’).
Read the full article: Ekso Bionics Pursues Merger, Possible Separation of Exoskeleton Business //
Source: https://mobilitymgmt.com/ekso-bionics-pursues-merger-possible-separation-of-exoskeleton-business/