In a significant development for the Canadian technology sector, Check-Cap Ltd. has successfully cleared a crucial regulatory requirement that paves the way for its planned merger with MBody AI. The company announced today that it has received written confirmation from the Nasdaq Listing Qualifications Department confirming its compliance with Nasdaq's minimum shareholders' equity rules under Listing Rule 5550(b).
Milestone Achievement for Strategic Merger
This regulatory clearance represents a major positive milestone for Check-Cap as it advances toward completing its previously announced merger with MBody AI. The transaction, which received overwhelming shareholder approval of approximately 98% in November 2025, remains firmly on track for closing. With this Nasdaq compliance now confirmed, the company can focus its attention on executing the final transaction steps and preparing for its transformation into what it describes as a "pure-play embodied artificial intelligence public company."
Creating a Public Embodied AI Leader
The merger is expected to position the combined entity as a publicly traded leader in the rapidly expanding field of embodied artificial intelligence. This emerging technology sector focuses on AI systems that interact with the physical world through robotic platforms and autonomous systems. Upon completion of the merger, public-market investors will gain exposure to this cutting-edge technology sector through a Nasdaq-listed platform.
MBody AI brings significant technological expertise to the merger as an emerging leader in embodied artificial intelligence. The company has developed and actively deploys the MBody AI Orchestrator™, described as a hardware-agnostic platform that delivers real-time data intelligence and AI-driven performance insights across robotic systems. This technology is already operational across robotic fleets at multiple blue chip, Fortune 500 customers, enabling actionable intelligence across diverse equipment types.
Leadership Perspectives on the Milestone
David Lontini, Chairman of the Board and Interim Chief Executive Officer of Check-Cap, emphasized the importance of this development, stating: "With full Nasdaq compliance now confirmed, we have cleared a key requirement as we move toward completing the MBody AI merger. This milestone meaningfully strengthens our position heading into the final stages as we advance toward transforming Check-Cap into a publicly traded embodied AI platform at the forefront of the most important technology shifts of the decade."
John Fowler, Chief Executive Officer of MBody AI, added his perspective on the achievement: "As we move closer to becoming a Nasdaq-listed company, this milestone represents an important step in bringing the MBody AI platform to the public markets. We are excited by the opportunity to scale our embodied AI technology with the visibility, access, and discipline that come with being a public company."
Strategic Transformation and Market Positioning
The merger represents a strategic transformation for Check-Cap, which is currently listed on Nasdaq under the ticker symbol MBAI. Through this transaction with MBody AI, the company expects to establish itself as a significant player in the embodied AI space, delivering real-time data intelligence and AI-driven insights for robotic systems across various industries. The technology roadmap includes advancing toward full fleet-level orchestration in heterogeneous robotic environments, positioning the combined company at the intersection of artificial intelligence and robotics innovation.
This development comes at a time when embodied artificial intelligence is gaining increasing attention as one of the most promising frontiers in technology development. The ability to combine AI capabilities with physical robotic systems has applications across numerous sectors including manufacturing, logistics, healthcare, and autonomous systems. The successful completion of this merger would create one of the few publicly traded companies specifically focused on this specialized AI segment, offering investors direct exposure to this growing market opportunity.
