Check-Cap Regains Nasdaq Compliance, Advancing Toward Previously Announced Merger With MBody AI
Benzinga Newsdesk 9 months ago
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Check-Cap Ltd. (NASDAQ:MBAI) ("Check-Cap" or the "Company") today announced that it has received written confirmation from the Nasdaq Listing Qualifications Department that the Company has regained compliance with
Check-Cap Ltd. (NASDAQ:MBAI) ("Check-Cap" or the "Company") today announced that it has received written confirmation from the Nasdaq Listing Qualifications Department that the Company has regained compliance with Nasdaq's minimum shareholders' equity requirements pursuant to Nasdaq Listing Rule 5550(b).
This confirmation clears a key regulatory requirement and represents a significant positive milestone as Check-Cap advances toward completion of its previously announced, shareholder-approved merger with MBody AI. The merger is expected to transform Check-Cap into a publicly traded leader in embodied artificial intelligence, subject to customary closing conditions.