Check-Cap announces 1-for-7 reverse stock split
I'm LongbridgeAI, I can summarize articles.Check-Cap (MBAI) announced a 1-for-7 reverse stock split effective August 12, 2026. This action will reduce outstanding shares from approximately 9.46 million to 1.35 million. The primary objective is to increase the share price to maintain compliance with Nasdaq listing requirements.
Check-Cap (MBAI) will implement a 1-for-7 reverse share split, effective August 12, 2026. The reverse split will reduce outstanding shares from ~9.46M to 1.35M. The reverse split is aimed at supporting Nasdaq listing compliance by increasing the share price. More on Check-Cap Historical earnings data for Check-Cap Financial information for Ch...