Check-Cap Advances MBody AI Merger; Reverse Share Split

ISFIYA, Israel, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Check-Cap Ltd. (“Check-Cap” or the “Company”) (NASDAQ: MBAI) today announced that the Company will implement a 1-for-7 reverse share split (the “Reverse Share Split”) of the Company’s ordinary shares on August 13, 2026, advancing its proposed merger (“Merger”) with physical AI company, MBody AI Corp. (“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.