ChronoScale Holdings Corporation reported that ChronoScale Intermediate, LLC (formerly known as Ekso Bionics Holdings, Inc.) and its guarantor, Ekso Bionics, Inc., have entered into a First Amendment to their Secured Promissory Note and Security Agreement with B. Riley Commercial Capital, LLC.
The amendment modifies the maturity terms of a term loan originally provided by the lender. The original agreement stipulated that the term loan, with an aggregate principal amount of up to $2.0 million, would terminate on the earlier of the 12-month anniversary of the agreement or the receipt of $2.4 million in net proceeds from the sale of the Borrower's equity interests.
Effective as of September 12, 2026, the First Amendment extends the maturity date to November 12, 2026. Additionally, the amendment defines the sale of the Guarantor as a Permitted Disposition under the agreement. All other material terms of the original agreement remain unchanged.
