Check-Cap Completes MBody AI Merger, Closes $10 Million Underwritten Offering

ISFIYA, Israel and LAS VEGAS, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Check-Cap Ltd. (the “Company” or “Check-Cap”) (NASDAQ: MBAI), an embodied artificial intelligence company, announced today the completion of its business combination with MBody AI Corp. on August 26, 2026 (the “Merger”) and the closing of its firm-commitment underwritten public offering (the “Offering”) of 1,538,462 ordinary shares at a public offering price of $6.50 per share, before underwriting discounts and commissions, on August 27, 2026. In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 230,769 ordinary shares at the public offering price, less the underwriting discounts and commissions. No warrants, preferred shares or convertible securities were issued as part of the Offering.

The gross proceeds to the Company from the Offering, before deducting underwriting discounts and commissions and other estimated offering expenses, were approximately $10.0 million.