Check-Cap Ltd (MBAI) Form 424B4 — Aug 27, 2026
Check-Cap Ltd. priced a firm commitment public offering of 1,538,462 ordinary shares at $6.50 per share for gross proceeds of approximately $10.0 million, with Northland Capital Markets as sole underwriter and a 30-day option on up to 230,769 additional shares. Estimated net proceeds are approximately $9.0 million, rising to $10.4 million if the over-allotment is exercised in full. The raise funds the pending merger with MBody AI Corp, under which former MBody AI shareholders will own roughly 90% of the combined company, to be renamed MBody AI Ltd.
Key figures
- Net Income
- 4140000
- Cash Position
- 219000
- Gross Proceeds
- 10000003
- Offering Price
- 6.5
- Shares Offered
- 1538462
- Shares Outstanding
- Up to 15,293,552 after the offering (15,524,321 if over-allotment exercised in full)
- Net Proceeds
- 9000000
- Check Cap Us Patents
- 13
- Reverse Split Ratio
- 1-for-7 (effective August 13, 2026)
- Fy2025 Eps Post Split
- 4.65
- Over Allotment Shares
- 230769
- Apollo Loans Principal
- 16300000
- Last Sale Price Aug25 2026
- 8.08
- Net Proceeds With Greenshoe
- 10400000
- Parea Consideration Shares
- 1169596
- Total Underwriting Discount
- 600000.18
- Apollo Equity Investment Cost
- 6525000
- Cash As Adjusted After Offering
- 9239000
- Cumulative Sq Ft Cleaned By MBody
- approximately 600 million square feet
- Stockholders Equity As Adjusted
- 12457000
- Underwriting Discount Per Share
- 0.39
- Dilution Percent To New Investors
- 85.6
- Dilution Per Share To New Investors
- 5.56
- Pro Forma As Adjusted NTBVPer Share
- 0.94
- Mbody Post Merger Ownership Percent
- 90
- Nasdaq Minimum Shareholders Equity
- 2500000
- Offering Percent Of Pro Forma Shares
- 10.1
- Merger Shares Issued To MBody Holders
- 12379581
- Check Cap Post Merger Ownership Percent
- 10
- Mbody Provisional Patent Applications
- 6
- Stockholders Equity Actual Dec31 2025
- 3437000
- Control Shareholder Voting Post Offering
- 49.4% (48.6% with full over-allotment)
AI analysis
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