Check-Cap approves reverse split ahead of MBody AI merger
Aug 11, 2026, 11:33 AM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The reverse split reduces share count and aims to meet Nasdaq minimum bid requirements, reducing delisting risk; the merger provides a potential growth catalyst if closing occurs as expected in Q3 2026.
AI summary
What happened, with direct paths to the underlying reporting
Check-Cap will implement a 1-for-7 reverse stock split on August 13, 2026 to prepare for its merger with MBody AI and Nasdaq listing approval. The move aims to meet the $4.00 bid-price requirement and facilitate the combined company’s Nasdaq initial listing application, with closing anticipated in Q3 2026, contingent on Nasdaq clearance and other conditions.
Check-Cap to implement 1-for-7 reverse split on Aug 13, 2026.
Merger with MBody AI remains on track for Q3 2026, subject to Nasdaq.
Fractional shares are not issued; rounding up to whole shares.
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