Check-Cap Closes $10M Offering, Reveals 15.3M Shares Outstanding Post-Merger
MBAI sits 56% above its 52-week low of $4.347.
Summary
Check-Cap closed its $10 million offering at $6.50 per share and disclosed 15.3 million shares outstanding post-merger, with 81% restricted. The company has no debt, warrants, or preferred shares.
Key Events · Financing and Capital Events · MBAI
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Offering Closed at $6.50/Share
Check-Cap completed the sale of 1,538,462 ordinary shares at $6.50 per share on August 27, 2026, raising approximately $10.0 million in gross proceeds before underwriting discounts and commissions.
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Post-Merger Share Count Disclosed
Following the merger and offering, the company has approximately 15,293,552 ordinary shares issued and outstanding, excluding any shares issuable under the underwriter's 30-day option for up to 230,769 additional shares.
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81% of Shares Restricted
12,379,581 ordinary shares (approximately 81% of outstanding) are held by former MBody AI shareholders and are restricted securities, with a majority subject to 180-day lock-up agreements.
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Clean Capital Structure
The company confirmed no warrants, preferred shares, or convertible securities were issued in the offering, and other than a small number of legacy warrants, it has no outstanding warrants, preferred shares, convertible securities, or debt.
Analysis · MBAI · Industrial Applications And Services
Check-Cap completed its $10 million underwritten offering at $6.50 per share on August 27, 2026, one day after closing its merger with MBody AI. The filing reveals the combined entity now has approximately 15.3 million shares outstanding, of which 81% are restricted securities held by former MBody AI shareholders. The company emphasized a clean capital structure — no warrants, preferred shares, convertible securities, or debt — which reduces future dilution risk for new investors. The offering was downsized from the originally planned $12.5 million at $8.72 per share, reflecting weaker-than-expected demand, but the capital still funds robot deployments with Fortune 500 customers.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MBAI was trading at $6.80 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $8.9M. The 52-week trading range was $4.35 to $27.44. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.