Check-Cap (MBAI) Advances Merger with MBody AI; Reverse Share Split Effective

ISFIYA, Israel and LAS VEGAS, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Check-Cap Ltd. ("Check-Cap" or the "Company") (NASDAQ: MBAI) today announced that a 1-for-7 reverse share split (the “Reverse Share Split”) of the Company’s ordinary shares is effective on August 13, 2026, advancing its proposed merger (“the Merger”) with a physical AI company, MBody AI Corp. (“MBody AI”). The Company's ordinary shares begin trading on a split-adjusted basis on The Nasdaq Capital Market at the market open this morning, continuing under the symbol "MBAI" and under new CUSIP number M6S83C106.

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.