ChronoScale Holdings Corporation, through its subsidiaries, has amended its secured promissory note with B. Riley Commercial Capital. The agreement modifies the terms of its existing $2.0 million term loan, primarily extending the maturity date and introducing a provision to facilitate the potential sale of its subsidiary, Ekso Bionics, Inc.
Key Details
- Agreement: First Amendment to the Secured Promissory Note and Security Agreement, effective September 12, 2026.
- Maturity Extension: The maturity date for the $2.0 million term loan has been extended from September 12, 2026, to November 12, 2026.
- Permitted Disposition: The amendment allows for the sale of the guarantor subsidiary, Ekso Bionics, Inc., and classifies such a sale as a "Permitted Disposition," which would not constitute a change of control under the loan terms.