Check-Cap Ltd. (NASDAQ: MBAI) has updated the expected closing timeline for its proposed business combination with MBody AI Corp., projecting completion in the third quarter of 2026. This update narrows the company’s previously announced expectation of a closing in the second half of 2026, providing greater certainty to investors regarding the transaction’s execution schedule. The accelerated timeline follows Check-Cap’s response to all comments received from the U.S. Securities and Exchange Commission (SEC) staff regarding its registration statement.

The transaction remains subject to final approval by Nasdaq and the satisfaction of remaining customary closing conditions, none of which can be assured at this stage. Check-Cap publicly filed its registration statement on Form F-1 with the SEC on July 24, 2026. The company confirmed that it has addressed all regulatory inquiries from the SEC staff, clearing a key procedural hurdle in the merger process.

Transaction Status

The business combination involves Check-Cap Ltd. and MBody AI Corp. The revised timeline reflects progress in regulatory compliance but does not guarantee closure. Key milestones and conditions include:

Investors should note that while the SEC comment period is resolved, final regulatory approvals and customary closing conditions must still be met. The shift from a broad second-half window to a specific quarter suggests internal confidence in meeting these conditions by mid-2026.

What the Numbers Show

The narrowing of the closing window from six months (H2 2026) to three months (Q3 2026) indicates that the primary delay factor—regulatory review—has been largely resolved. However, the explicit disclaimer that closing conditions "cannot be assured" highlights residual execution risk. For shareholders, the Q3 target provides a clearer horizon for potential liquidity events or operational integration, though no financial metrics were disclosed in this update to assess valuation impact.

Check-Cap Ltd. announced that its merger partner, MBody AI Corp., has added multi-robot fleet control to the MBody AI Orchestrator, its proprietary AI-driven enterprise software platform. The new capability allows the Orchestrator to monitor and direct mixed-brand robotic fleets that previously required separate, vendor-specific systems. This advancement enables enterprise operators to control diverse fleets at scale without being tied to individual hardware vendors, addressing a key limitation in traditional robotic platforms that are restricted to a single hardware ecosystem.

MBody AI plans to roll out these control capabilities to existing customers, who currently use the platform's multi-brand reporting, as a software update. The company has filed a provisional patent application directed to its architecture for controlling heterogeneous, multi-manufacturer robotic fleets, which serves as the core technology behind this new capability. The platform provides real-time visibility into fleet performance, task execution, operational status, and workflow optimization.

MBody AI Orchestrator Platform

The MBody AI Orchestrator serves as a centralized intelligent software platform designed to coordinate and scale autonomous robotic operations. It integrates AI and real-time data insights to manage multi-robot deployments, allowing customers to monitor fleets remotely, assign tasks, and utilize telemetry for improved operational decision-making. The platform is intended to optimize the performance of robotic fleets across diverse environments.

Strategic Partnership and Expansion

MBody AI has entered into a referral and channel partner agreement with Buyers Edge Platform OpCo LLC, positioning its Orchestrator platform as the physical-AI and robotics provider for the network. The partnership grants MBody AI access to approximately 286,000 operator locations across the foodservice and hospitality markets, significantly expanding its potential customer base. This agreement allows MBody AI to introduce its robotics-managed services to Buyers Edge Platform’s extensive network beginning July 2026. Under the terms, Buyers Edge Platform will serve as a referral partner, leveraging its sales network and data insights to identify operator needs for robotics.

Proposed Merger Status

The proposed business combination between Check-Cap Ltd. and MBody AI continues to advance. Shareholders of both companies have approved the Proposed Merger, which remains on track to close subject to customary closing conditions and Nasdaq approval of the initial listing. Neither the listing nor the trading commencement is assured. David Lontini, Chairman and Interim Chief Executive Officer of Check-Cap, affirmed the company's commitment to completing the merger with MBody AI, aiming to become the operating intelligence layer that coordinates enterprise robotic workforces.

John Fowler, Chief Executive Officer of MBody AI, described the agreement as a significant inflection point for the adoption of intelligent robotics in the industry. David Lewis, EVP of Distributor Relations and Strategic Partnership at Buyers Edge Platform, stated that the partnership is designed to deliver better outcomes for operators through data, AI, and strategic relationships.