Check Cap Ltd surges after crossing above key SMA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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Should l Buy MBAI?
Source: Coinmarketcap
Check Cap Ltd's stock price increased by 42.28% as it crossed above its 5-day SMA, indicating strong buying interest.
The surge in Check Cap Ltd's stock is attributed to broad market strength, with both the Nasdaq-100 and S&P 500 showing gains of 0.59% and 0.60% respectively. This positive market environment has likely contributed to the upward momentum in Check Cap Ltd's shares.
Investors are optimistic about the company's future prospects, and the recent price movement may attract further attention from traders looking for growth opportunities.
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About MBAI
Check Cap Ltd is an Israel-based clinical-stage medical diagnostics company. Check Cap Ltd develops C-Scan, patient-friendly preparation-free test designed to detect polyps before they may transform into cancer to enable early intervention and cancer prevention. It's capsule-based screening technology aims to increase screening adherence worldwide. The system utilizes ultra-low-dose X- rays to scan the inner lining of the colon for precancerous polyps, and other structural abnormalities. C-Scan is non-invasive capsule that is propelled through the gastrointestinal tract by natural motility. C-Scan is comprised of three main components: C-Scan Cap, an ingestible X-ray scanning capsule; C-Scan Track, three miniaturized patches worn on the patient’s back for integrated positioning, control and data recording; and C-Scan View, a proprietary software to process and represent 2D and 3D maps of the inner surface of the colon.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Merger Progress: Check-Cap Ltd. announced significant advancements in its merger with MBody AI Corp., having filed a Form F-1 Registration Statement and provided MBody AI's audited financials, with the merger expected to close in the first half of 2026, marking a crucial step following the company's return to Nasdaq compliance.
- Enhanced Capital Flexibility: The Form F-1 registration allows Check-Cap to access up to $30 million in discretionary growth capital through an equity line of credit with ARC Group International Inc., which will provide strategic flexibility for scaling MBody AI's commercial platform post-merger.
- Financials Reflect Platform-Building Phase: The audited financials from MBody AI indicate a platform-building phase for the years ended December 31, 2024, and June 30, 2025, with expectations of significant customer deployment growth in the second half of 2025, signaling a transition to a new phase of commercial scale.
- Positive Leadership Outlook: David Lontini, Chairman and Interim CEO of Check-Cap, emphasized that completing the merger will position the company as a leader in physical AI, enhancing financial flexibility and preparing for future market opportunities.
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- Compliance Restored: Check-Cap Ltd. announced its return to compliance with Nasdaq listing requirements, marking a significant step forward in the merger process with MBody AI, which is expected to close in the first half of 2026, enhancing market confidence in the company.
- Increased Financial Flexibility: The filed Form F-1 Registration Statement enables the company to access up to $30 million in discretionary growth capital, supporting the expansion of MBody AI's commercial platform post-merger, thereby enhancing the company's financial flexibility and strategic execution capabilities.
- Enhanced Financial Transparency: Check-Cap furnished MBody AI's audited financial statements for 2024, indicating significant growth in customer deployments in the second half of 2025, suggesting the company is entering a new phase of commercial scaling with potential for increased customer engagement.
- Leadership Confidence: Executives from both Check-Cap and MBody AI expressed that the merger will establish a leadership position in the physical AI sector, expected to attract public market investors' attention and further drive industry development.
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- Merger Progress: Check-Cap has received written confirmation from Nasdaq indicating compliance with listing rules, paving the way for its merger with MBody AI, which is expected to significantly enhance the company's market position.
- Shareholder Support: At the November annual meeting, 98.01% of votes favored the merger with MBody AI, demonstrating strong investor confidence in this strategic move, which may attract more investor interest.
- Stock Surge: Following the merger announcement, Check-Cap's shares surged nearly 100% on Monday, reflecting market optimism about the merger's prospects and potentially increasing the company's appeal in capital markets.
- Business Restructuring: Post-merger, Check-Cap will be renamed “MBody AI Ltd.”, and this rebranding will help the company establish a stronger market presence in the rapidly evolving AI sector, driving future business growth.
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- Compliance Regained: Check-Cap Ltd. has received written confirmation from the Nasdaq Listing Qualifications Department that it has regained compliance with Nasdaq's minimum shareholders' equity requirements, establishing a crucial foundation for its merger with MBody AI.
- Merger Progress: The merger received approximately 98% shareholder approval and is expected to transform Check-Cap into a publicly traded leader in embodied artificial intelligence, further enhancing its position in the rapidly growing AI market.
- Technology Platform Advantage: MBody AI's MBody AI Orchestrator™ platform is already deployed across robotic systems at multiple Fortune 500 companies, delivering real-time data intelligence and AI-driven performance insights, thereby strengthening Check-Cap's competitive edge in the market.
- Leadership Outlook: Both Check-Cap and MBody AI leadership expressed that the confirmation of compliance provides strong support for the final stages of the merger, indicating that the company is poised to play a significant role in future technological transformations.
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- Strategic Investment: Humanoid Global has completed a CAD $150,000 investment in MBody AI, aimed at supporting the deployment of autonomous systems across multiple industries, thereby advancing the commercialization of robotics intelligence.
- Cost Savings: MBody AI's technology enables clients to achieve up to 90% labor cost savings, indicating its strong competitive edge and broad applicability in the enterprise market.
- Industry Leadership: MBody AI's platform is widely adopted by Fortune 500 companies, showcasing its maturity in operating within high-traffic environments, further solidifying its leadership position in the autonomous robotics sector.
- Future Growth Potential: Humanoid Global's investment not only provides financial backing but also strategic consulting to help MBody AI expand its market share, signaling promising prospects for widespread applications in healthcare, logistics, and other sectors.
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- Strategic Investment: Humanoid Global Holdings Corp. has completed a CAD $150,000 investment in MBody AI, aimed at accelerating innovation in the autonomous robotics sector, which is expected to drive market expansion across multiple industries.
- Technological Advantage: MBody AI's hardware-agnostic software platform enables robots to achieve real-time perception and adaptive decision-making, allowing customers to realize up to 90% labor cost savings, thereby enhancing operational efficiency and reducing costs.
- Market Potential: MBody AI has already been deployed within Fortune 500 companies, demonstrating the feasibility of its technology in high-traffic environments, with future prospects for broader deployment across hospitality, healthcare, and logistics sectors.
- Leadership Team: MBody AI's leadership team possesses extensive experience in AI and robotics, with CEO John Fowler having successfully raised over $200 million, showcasing the company's strong capabilities and growth potential within the industry.
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