Check-Cap Ltd. is a medical diagnostics entity currently in its clinical development phase, dedicated to advancing screening solutions that utilize capsule-based technology. This firm was established in 2004 and conducts its primary operations from Isfiya, Israel.
Check-Cap (MBAI) Advances Merger with MBody AI; Reverse Share Split Effective
Check-Cap's 1-for-7 reverse share split is effective as of August 13, 2026, reducing outstanding ordinary shares from approximately 9.46 million to 1.35 million.
The corporate action is a proactive measure to satisfy the $4.00 minimum bid price requirement for the combined company's initial listing application following its proposed merger with MBody AI.
The merger with the physical AI company remains on track for closure in the third quarter of 2026, subject to final Nasdaq approval and customary closing conditions.