ChronoScale Amends Executive PSU Settlement to Include $1M Cash and 181K Shares
CHRN has more than doubled off its 52-week low of $2.73.
Summary
ChronoScale Corp is issuing 181,357 shares and paying $1 million in cash to three executives as settlement for phantom stock units, triggered by the recent acquisition by Applied Digital.
Key Events · Executive and Board Changes · CHRN
-
Executive Compensation Settlement
Phantom performance-based stock units (PSUs) for executives Scott G. Davis, Jerome Wong, and Jason Jones have vested and are being settled.
-
Change in Control Trigger
The settlement was triggered by the recent acquisition of ChronoScale Corp by Applied Digital Corporation, which constituted a Change in Control.
-
Significant Payout
The total compensation includes 181,357 shares of common stock and $1,000,000 in cash, totaling approximately $3.78 million.
-
Share Dilution
The issuance of 181,357 new shares represents a notable dilutive event for existing shareholders.
Analysis · CHRN · Technology
This 8-K/A details the final settlement of phantom performance-based stock units (PSUs) for three executives, including Scott G. Davis, Jerome Wong, and Jason Jones. The original cash-settled awards were amended to include a combination of 181,357 shares of common stock and $1,000,000 in cash. This payout was triggered by the recent Change in Control (Applied Digital acquisition) and the achievement of a stock price goal. The total value of this compensation is approximately $3.78 million, representing a significant cost and dilutive event for existing shareholders.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.3% of the 1072 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CHRN was trading at $15.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $56.2M. The 52-week trading range was $2.73 to $74.03. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.