In a significant development for the artificial intelligence sector, MBody AI Corp. has officially submitted its Nasdaq listing application, representing a crucial regulatory milestone toward finalizing its merger with Check-Cap Ltd. (NASDAQ: MBAI). This move accelerates the path for the prospective combined company to achieve a Nasdaq Capital Markets listing, targeted for the first half of 2026, subject to standard closing conditions.
Key Milestones Achieved in Merger Process
The submission of the Nasdaq application follows a series of important achievements in recent months. Check-Cap has successfully regained compliance with Nasdaq's continued listing requirements, ensuring its eligibility for the merger. Additionally, the company filed a Form F-1 Registration Statement related to an equity line of credit facility with ARC Group International Inc., and MBody AI provided its audited financial statements for periods ending December 31, 2024, and June 30, 2025. These steps have collectively propelled the merger trajectory forward, setting the stage for a seamless integration.
Leadership Perspectives on the Progress
John Fowler, Chief Executive Officer of MBody AI, emphasized the importance of this milestone, stating, "The submission of our Nasdaq listing application is a major step forward in bringing MBody AI to the public markets. This achievement, along with our completed audits and Nasdaq compliance, highlights the substantial progress we have made. The physical AI opportunity is real and scaling now, with MBody AI positioned at its core. We eagerly anticipate welcoming public-market investors into this narrative."
David Lontini, Chairman of the Board and Interim Chief Executive Officer of Check-Cap, added, "We are excited for the future prospects of the combined entity. We remain on track to close the merger in the first half of 2026 and are more energized than ever about the opportunities ahead."
Overview of the Companies Involved
Check-Cap Ltd. is a technology company undergoing a strategic transformation through its shareholder-approved merger with MBody AI. Upon completion, Check-Cap aims to emerge as a publicly traded leader in embodied artificial intelligence, offering enterprise-grade AI orchestration for robotic systems across various industries, including hospitality, healthcare, logistics, and data center operations.
MBody AI Corp. specializes in embodied artificial intelligence, developing the autonomous workforce of the future. Its proprietary MBody AI Orchestrator™ platform provides real-time data intelligence and AI-driven performance insights for robotic fleets, with features such as deployment optimization, predictive maintenance, and full-fleet coordination. The company serves Fortune 500 enterprises and blue-chip clients across multiple sectors.
The merger is supported by a $30 million growth facility, which will aid in scaling operations and enhancing technological capabilities. As the process advances, stakeholders are optimistic about the combined company's potential to drive innovation in the AI and robotics markets, leveraging Nasdaq's platform for increased visibility and investment opportunities.
