Check-Cap Sets Reverse Split for Aug 13, Merger on Track for Q3 Close
MBAI has more than doubled off its 52-week low of $0.6 on elevated volume (4.5× avg).
Summary
Check-Cap will implement a 1-for-7 reverse stock split on August 13, 2026, a day later than the previously announced August 12 date. The pending merger with MBody AI remains on track to close in Q3 2026, consistent with the eight-week timeline provided earlier this month. The reverse split is a procedural step to meet Nasdaq listing requirements ahead of the merger. The combined entity will focus on MBody AI's service robotics operations, which have expanded to 11 states. The merger's completion and the offering's pricing will be the next key catalysts.
At the time of this announcement, MBAI was trading at $1.27 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $12M. The 52-week trading range was $0.60 to $3.92. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.