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BRIEF-Check Cap Entered Into Agreement, Plan Of Merger With Mbody AI

Reuters
09/13
BRIEF-Check Cap Entered Into Agreement, Plan Of Merger With Mbody AI

Sept 12 (Reuters) - Check Cap Ltd CHEK.O:

  • CHECK CAP LTD -ENTERED INTO AGREEMENT, PLAN OF MERGER WITH MBODY AI

  • CHECK CAP LTD - COMBINED COMPANY WILL BE RENAMED “MBODY AI LTD”

  • CHECK CAP LTD -COMBINED CO WILL CONTINUE TO HOLD CHECK-CAP’S LEGACY ASSETS, CONSISTING PRIMARILY OF PATENTS AND PROPRIETARY MEDICAL EQUIPMENT

  • CHECK CAP LTD - POST DEAL CLOSE, CURRENT MBODY AI EQUITYHOLDERS WILL OWN 90% OF ISSUED AND OUTSTANDING ORDINARY SHARES OF COMBINED CO

  • CHECK CAP LTD - POST DEAL CLOSE, CURRENT CHECK-CAP EQUITYHOLDERS WILL OWN 10% OF ISSUED AND OUTSTANDING ORDINARY SHARES OF COMBINED CO

Source text: [ID:n0001213900-25-087248]

Further company coverage: CHEK.O

((Reuters.Briefs@thomsonreuters.com;))

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