ChronoScale enters unsecured demand credit line up to $100 million with Applied Digital

• ChronoScale entered an unsecured Demand Grid Promissory Note with Applied Digital on June 26, 2026, providing up to USD 100 million of line-of-credit capacity.
• Capacity is reduced by the dollar value of any credit support provided by Applied Digital or affiliates to ChronoScale and its affiliates.
• Borrowings, if any, are earmarked for working capital and general corporate purposes; no advances have been made to date.
• Interest accrues at the short-term Applicable Federal Rate, compounded semiannually; the note is prepayable at any time without penalty.
• Applied Digital and an affiliate hold about 96% of ChronoScale’s common stock; overlapping directors sit on both boards.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chronoscale Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-030318), on June 26, 2026, and is solely responsible for the information contained therein.