Mergers & Acquisitions ·
Check-Cap Ltd. completed the closing of its business combination with MBody AI Corp. on August 26, 2026, and finalized…
MBAIMBody AI Ltd.
Check-Cap Ltd. completed the closing of its business combination with MBody AI Corp. on August 26, 2026, and finalized an underwritten public offering of 1,538,462 ordinary shares at $6.50 per share on August 27, 2026. The transaction generated approximately $10.0 million in gross proceeds before deducting underwriting discounts and expenses. The company granted the underwriter a 30-day option to purchase up to an additional 230,769 shares at the same price. Following these transactions, the issuer has approximately 15,293,552 ordinary shares issued and outstanding, with roughly 81% held by former MBody AI shareholders subject to lock-up restrictions. The company intends to use net proceeds for robot deployments, working capital, and general corporate purposes. Check-Cap Ltd., which will operate under the name MBody AI Ltd., operates in the embodied artificial intelligence industry as an enterprise robotics platform that deploys autonomous robot workforces.