Check Cap Ltd (MBAI) News & EventsMBAICheck Cap Ltd

Check Cap Ltd Trading Halted, News Pending

Check Cap Ltd trading halted, news pending

Check-Cap Implements 1-for-7 Reverse Split to Advance Merger with MBody AI

Check-Cap will implement a 1-for-7 reverse share split of the Company's ordinary shares on August 13, advancing its proposed merger with physical AI company, MBody AI. The Reverse Share Split is a proactive, shareholder-approved step taken in preparation for the closing of the proposed Merger and the combined company's initial listing application with Nasdaq. Currently, the Company is in compliance with all applicable Nasdaq continued listing standards. Completing the Reverse Share Split ahead of closing of the Merger positions the combined company to satisfy the $4.00 minimum bid price standard that applies to its initial listing application with Nasdaq. The proposed Merger remains on track to close in the third quarter of 2026, subject to final Nasdaq approval and the satisfaction of the remaining customary closing conditions, none of which is assured. The Company's Board of Directors approved the Reverse Share Split on July 31 and the Company obtained shareholder approval for the Reverse Share Split at its Annual General Meeting of Shareholders held on November 14, 2025. The Company's ordinary shares will continue to trade on The Nasdaq Capital Market tier of The Nasdaq Stock Market under the symbol "MBAI" and will begin trading on a split-adjusted basis when the market opens on August 13,