Check-Cap Ltd

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.

Check-Cap Ltd. announced that MBody AI Corp., a party to their proposed business combination, has expanded its addressable market to outdoor autonomous services. MBody AI secured exclusive U.S. distribution rights for outdoor cleaning robots in gaming and hospitality across six states. This move allows MBody AI to automate new outdoor maintenance functions and expand deployments with existing clients. The proposed business combination between Check-Cap and MBody AI continues to advance, with the merger expected to close in the third quarter of 2026.

Check-Cap Ltd. has updated the expected closing timeline for its proposed business combination with MBody AI Corp., now projecting completion within the next eight weeks, before the end of the third quarter of 2026. This accelerates the previously announced expectation of a closing in the second half of 2026. The company has publicly filed its Form F-1, responded to all SEC comments, and received initial review from Nasdaq for its listing application, with substantially all closing conditions satisfied.

Check-Cap Ltd. filed an F-1 registration statement for a public offering of ordinary shares, intended to support its pending merger with MBody AI Corp. The merger, expected to close in H2 2026, will result in MBody AI equityholders owning approximately 90% of the combined entity, which will be renamed "MBody AI Ltd." The offering proceeds will be used for merger expenses, acquiring robotic systems, and developing MBody AI's platform. The company also disclosed substantial doubt about its ability to continue as a going concern without the merger and additional capital.

Check-Cap Ltd. announced that its merger partner, MBody AI Corp., has significantly expanded its operational footprint. MBody AI has grown its U.S. service-robotics operations to 9 states, with plans to reach 11 states by July 2026, including Florida and California. Additionally, MBody AI has entered the Canadian market, marked by the appointment of a dedicated general manager and the launch of its first deployment, utilizing its Orchestrator platform and service robots in a 30-day pilot. The company also noted the strong growth projections for the North American service robotics market. The proposed business combination between Check-Cap and MBody AI continues to advance, with Nasdaq having completed its initial review of the listing application.

Check-Cap Ltd. filed audited financial statements for MBody AI Corp. for the year ended December 31, 2025, showing net income of $507,851 and total net revenue of $2,334,921. The filing also included unaudited pro-forma combined financial statements for the pending merger between Check-Cap Ltd. and MBody AI Corp., indicating a pro-forma combined net income of $4,649,000 for 2025. Check-Cap shareholders approved the merger in November 2025, with the closing anticipated in the second half of 2026.

MBody AI Corp. reported significant financial growth for the year ended December 31, 2025, with net income reaching $507,851 and total net revenue of $2.4 million. This disclosure is made in anticipation of its proposed merger with Check-Cap Ltd., where MBody AI will be the accounting acquirer. The company is strategically transitioning to a software-as-a-service (SaaS) and AI-platform subscription model, which contributed to a substantial increase in customer subscription contract revenue. The merger is expected to be finalized in the first half of 2026.