• Chronoscale filed an amended Form 8-K to update prior disclosure on phantom performance-based stock unit awards granted on Nov. 5, 2025 to Scott G. Davis, Jerome Wong, and Jason Jones.
• The amendment reflects a May 14, 2026 board determination that the stock price goal was achieved and that the Feb. 15, 2026 Contribution and Exchange Agreement, which closed May 5, 2026, triggered a change in control under the awards.
• Settlement terms were revised from cash-only to equity-heavy delivery, including 109,357 common shares for Davis, 40,000 shares for Wong, 32,000 shares for Jones.
• Davis will also receive USD 1 million in cash tied to 75,643 phantom PSUs.
• Cash payment, share issuance expected as soon as administratively practicable following the closing, no later than March 15, 2027.

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: 0001493152-26-024664), on May 20, 2026, and is solely responsible for the information contained therein.