Check-Cap closes $10 million public offering after MBody merger
Check-Cap completed a $10 million underwritten public offering after closing its MBody AI merger, selling 1,538,462 ordinary shares at $6.50 each.
Why it matters
The completed offering adds public-market capital earmarked partly for enterprise robot deployments while remaining excluded from private-funding totals.
Evidence notes
- The firm-commitment offering closed on August 27 with gross proceeds of approximately $10 million before fees and expenses.
- Check-Cap sold 1,538,462 ordinary shares at $6.50 each and granted a 30-day option for up to 230,769 additional shares.
- The issuer said net proceeds would support additional enterprise robot deployments, working capital and general corporate purposes.