Check-Cap Implements 1-for-7 Reverse Stock Split Ahead of MBody AI Merger

Check-Cap Ltd. implemented a 1-for-7 reverse stock split, reducing its number of ordinary shares from approximately 9,5 milioni down to approximately 1,4 milioni. The corporate action took effect on Nasdaq, where the company’s shares continue to trade under the symbol “MBAI” with a new CUSIP number of M6S83C106, according to an official company press release.

Share Consolidation Mechanics and Shareholder Impact

The consolidation combines every seven issued and outstanding ordinary shares into a single ordinary share, with any resulting fractional shares rounded up to the nearest whole share. Equiniti Trust Company, LLC manages the process as the designated transfer and exchange agent, according to Check-Cap disclosures. Shareholders holding electronic shares through brokerage firms do not need to take any action because the adjustments reflect automatically in their accounts. Registered shareholders receive their post-split shares directly without submitting paperwork.

MBody AI Merger and Nasdaq Compliance Strategy

The reverse stock split positions the combined entity to meet the minimum bid price requirement of 4,00 dollari for its initial listing application on Nasdaq, according to company statements. Check-Cap continues to advance its pending merger with MBody AI Corp., which remains on track to close in the third quarter of 2026, pending final Nasdaq approval and remaining closing conditions. David Lontini, Presidente e Amministratore Delegato ad interim of Check-Cap, stated that the company implemented the split proactively rather than out of immediate regulatory necessity. “Questo raggruppamento non era necessario per mantenere la nostra quotazione. Le nostre azioni sono negoziate al di sopra del minimo richiesto per la quotazione continuata,” Lontini said, adding that management prefers to satisfy Nasdaq’s initial listing standards ahead of schedule.

Regulatory Filings and Corporate Background

The Check-Cap board of directors approved the reverse stock split on July 31, 2026, following prior shareholder approval secured during the annual general meeting held on November 14, 2025. The company maintains that it currently meets all applicable standards for continued listing on the Nasdaq Capital Market. Comprehensive details regarding the transaction appear in Check-Cap’s Form 6-K reports filed with the U.S. Securities and Exchange Commission on September 12, 2025, November 4, 2025, November 17, 2025, and August 10, 2026.