Check-Cap Advances MBody AI Merger with Key Regulatory Filings and Financial Updates
Check-Cap Ltd., trading on NASDAQ under the symbol MBAI, has announced significant regulatory progress in its planned merger with MBody AI Corp. The company has filed a Form F-1 Registration Statement and furnished MBody AI's audited financial statements on Form 6-K, marking crucial steps toward completing the transaction in the first half of 2026.
Regulatory Milestones Support Merger Timeline
These filings follow Check-Cap's recent return to compliance with NASDAQ continued listing requirements, removing a potential obstacle to the merger's completion. The company confirmed that the merger with MBody AI remains on track, with these regulatory submissions representing concrete advancement toward closing the deal. The strategic combination aims to create a stronger entity positioned to lead in the emerging field of physical artificial intelligence applications.
F-1 Filing Enables Strategic Capital Access
The Form F-1 registration statement specifically supports Check-Cap's previously announced equity line of credit arrangement with ARC Group International Inc. This facility provides the company with access to up to $30 million in discretionary growth capital once the registration becomes effective. According to company statements, this capital availability is designed to enhance financial flexibility as the combined entity prepares to scale MBody AI's commercial platform following the merger's completion.
"The availability of an additional $30 million, at our discretion, will enhance our financial flexibility," stated David Lontini, Chairman of the Board and Interim Chief Executive Officer of Check-Cap. "We have no obligation to draw on this facility. Any future utilization is entirely at our discretion and would be guided by our assessment of the combined company's value and prevailing market conditions."
Financial Statements Reflect Platform Development Phase
The furnished financial documents include MBody AI's audited statements for the year ended December 31, 2024, and the six months ended June 30, 2025, along with unaudited pro forma financials that account for the merger's effects. These periods reflect what the company describes as MBody AI's platform-building phase, preceding what they characterize as a commercial inflection point that emerged in the second half of 2025 as customer deployments began to scale.
Company leadership indicated that subsequent financial periods are expected to show materially expanded deployments and customer engagement as MBody AI entered what they term a new phase of commercial scale. The financial transparency provided through these filings offers investors greater insight into MBody AI's operations and trajectory as the merger approaches completion.
Leadership Emphasizes Strategic Positioning
David Lontini emphasized the significance of these developments: "With the Company back in compliance with the Nasdaq listing rules, these filings mark a significant step forward as we advance the MBody AI merger toward completion. Our regulatory progress underscores our readiness for the next phase. We are entering 2026 with a clear mandate: close the transaction and position the combined company to lead in physical AI."
The merger between Check-Cap and MBody AI represents a strategic consolidation in the artificial intelligence sector, particularly focused on physical applications of AI technology. With regulatory hurdles being addressed and financial transparency increasing, the companies appear positioned to complete their combination within the targeted timeframe, potentially creating a more competitive entity in the evolving AI marketplace.
