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High materiality8/10

Check-Cap completes merger with MBody AI, raises $10 million

Aug 28, 2026, 8:38 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The combination with MBody AI and a $10M equity raise improve the liquidity and financial flexibility while keeping debt-light; near-term dilution (~10% from new shares) is manageable given the growth runway in enterprise robotics and large-customer pipeline.

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What happened, with direct paths to the underlying reporting

Check-Cap Ltd., soon to be named MBody AI Ltd., merged with MBody AI Corp and completed a $10 million underwritten public offering at $6.50 per share. The deal leaves about 15.29 million shares outstanding, with 81% held by former MBody AI shareholders and a 30-day option for 230,769 additional shares. Proceeds will fund expanded robot deployments and working capital as the company scales its embodied AI platform.

Check-Cap completes merger with MBody AI; closes $10M public offering.
Shares outstanding ~15.29M; 81% held by former MBody AI shareholders (restricted).
Company to be renamed MBody AI Ltd; to list on Nasdaq Capital with ticker MBAI.
No debt or convertible securities outstanding post-offering; ordinary shares only.
Proceeds used to deploy more enterprise robots and support growth initiatives.

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