Check-Cap Completes MBody AI Merger, Closes $10 Million Underwritten Offering

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“Check-Cap shareholders came into this process holding shares in a company looking for its next chapter,” said David Lontini, former Chairman of Check-Cap, who continues on as a director of the combined entity. “They now hold shares in a company that is selling into one of the fastest-growing areas of the technology economy, as robots begin taking on physical work that operators cannot staff. That is the next chapter the board set out to open.”

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Northland Capital Markets acted as the sole book-runner for the Offering.

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The securities described herein were offered pursuant to a registration statement on Form F-1 (File No. 333-297704) that was previously filed with the SEC and became effective on August 25, 2026. The Offering was made only by means of a prospectus relating to the Offering. Copies of the final prospectus may be obtained from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN 55402, Attention: Heidi Fletcher, by telephone at (612) 851-4918.

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Important Information

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This press release does not constitute an offer to sell or a solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.

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Learn more about MBody AI’s growth trajectory at ir.mbody.ai.

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About Check-Cap Ltd. (to be renamed MBody AI Ltd.)

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Check-Cap is an AI hardware-agnostic enterprise robotics platform that deploys and manages autonomous robot workforces for hospitality and gaming operators. The Company’s proprietary MBody AI Orchestrator manages diverse robot fleets across sites and use cases under long-term subscription agreements. Check-Cap counts leading Fortune 500 operators among its customers.

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Forward-looking statements

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This press release includes certain disclosures that contain “forward-looking statements,” including, without limitation, express or implied statements relating to, among other things: the expected use of proceeds from the Offering; the effectiveness and timing of the Company’s name change to MBody AI Ltd.; the anticipated benefits of the business combination; the Company’s ability to deploy and execute at scale; the size, quality and conversion of the Company’s commercial pipeline; the expansion of the Company’s go-to-market, deployment and support capacity; the Company’s continued and expanded deployment of robots with new and existing customers; the anticipated benefits of the Company’s hardware-agnostic platform, including expected commercial advantages and reduced supply chain risk; the anticipated performance and continued development of the MBody AI Orchestrator; the pace and extent of adoption of autonomous robots and embodied artificial intelligence by large enterprise customers; and expected growth in the markets in which the Company operates. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, integration risks, delays in the effectiveness of the Company’s name change, the risk that the Company’s commercial pipeline does not convert into contracts or revenue, risks relating to the pace of enterprise adoption of autonomous robots, the Company’s ability to hire and scale field operations and support, customer concentration risks, dependence on third-party robot manufacturers and deployment partners, the capital intensity of the Company’s deployment model, the risk that MBody AI’s provisional patent application may not mature into an issued or enforceable patent and market conditions. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Offering filed with the SEC, including documents incorporated by reference therein. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

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Quick Facts

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Investor Relations Contact and Media Contact

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Investor Relations:
Lytham Partners, LLC
602-889-9700
[email protected]

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Media Contact:
Core IR
[email protected]

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