MBody AI Discloses Audited Financials, Pro Forma Combined with Check-Cap Ahead of Merger
MBAI has more than doubled off its 52-week low of $0.593 on elevated volume (5.5× avg).
Summary
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.
Key Events · M&A and Partnerships · MBAI
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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.
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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.
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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.
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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.
Analysis · MBAI · Industrial Applications And Services
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.
At the time of this filing, MBAI was trading at $1.69 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $11.9M. The 52-week trading range was $0.59 to $3.92. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.