SplitAug 10, 2026, 06:08 AM
Check-Cap Announces 1-for-7 Reverse Share Split
AI Summary
Check-Cap Ltd. announced a 1-for-7 reverse share split of its ordinary shares, effective August 12, 2026. The Board of Directors approved this action on July 31, 2026, following shareholder approval at the Annual General Meeting on November 14, 2025. This will consolidate approximately 9,463,062 outstanding shares into 1,351,866 shares, with fractional shares rounded up. The shares will continue to trade on Nasdaq under the symbol "MBAI" with a new CUSIP number.
Key Highlights
- Check-Cap announced a 1-for-7 reverse share split of its ordinary shares.
- The reverse share split will become effective, and shares will trade on a split-adjusted basis, on August 12, 2026.
- The Board of Directors approved the reverse share split on July 31, 2026.
- Shareholder approval for the split was obtained at the Annual General Meeting on November 14, 2025.
- Issued and outstanding ordinary shares will decrease from approximately 9,463,062 to 1,351,866.
- Fractional shares resulting from the split will be rounded up to the nearest whole ordinary share.
- The company's ordinary shares will continue to trade on Nasdaq under the symbol "MBAI".
Price Impact
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