MBody AI renames from Check-Cap after closing merger with MBody AI Corp - MBAI News | RalliesMBody AI renames from Check-Cap after closing merger with MBody AI Corp
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MBAI• Merger closes and company rebrands
- MBody AI Ltd. rebranded from Check-Cap Ltd. following the closing of its merger with MBody AI Corp.
- MBody AI Corp. now operates as a wholly owned subsidiary, shifting the group’s strategic focus to embodied AI software for autonomous systems.
- Former MBody AI Corp. equityholders held about 90% of ordinary shares on a fully diluted basis immediately post-merger.
- An underwritten public offering sold 1,538,462 ordinary shares at USD 6.5, raising about USD 10 million gross.
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