MBody AI Discloses Audited Financials, Pro Forma Combined with Check-Cap Ahead of Merger

summarizeSummary

Check-Cap's merger partner, MBody AI, released its audited 2025 financials showing $2.4M revenue and $507k net income, alongside pro forma combined statements, offering critical financial insight into the future entity as the reverse merger progresses.

check_boxKey Events

• MBody AI 2025 Financials Disclosed

  MBody AI Corp., the accounting acquirer in the pending reverse merger, reported $2.4 million in total net revenue and $507,851 in net income for the year ended December 31, 2025.

• Pro Forma Combined Financials Released

  Unaudited pro forma statements show a combined entity with $2.4 million in revenue and a pro forma net income of $4.65 million (driven by a one-time gain), but an operating loss of $1.8 million and a significant accumulated deficit of $(165.36) million.

• Merger Progress and Conditions

  The reverse merger is expected to close in the first half of 2026, but remains subject to conditions including the availability of sufficient capital to meet Nasdaq listing requirements.

• Going Concern Assessment Contrast

  MBody AI's management concluded no substantial doubt about its ability to continue as a going concern, which contrasts with Check-Cap's recent auditor warning from April 27, 2026.

auto_awesomeAnalysis

This filing provides the audited financial statements for MBody AI Corp., the accounting acquirer in the pending reverse merger with Check-Cap Ltd. It also includes unaudited pro forma combined financials, offering investors a first look at the financial profile of the combined entity. MBody AI reported $2.4 million in revenue and $507,851 in net income for 2025, providing a revenue-generating operational base for Check-Cap, which recently received a going concern warning. The merger's completion remains subject to conditions, including securing sufficient capital for Nasdaq listing requirements.