MBAI reduces outstanding shares from 9.46M to 1.35M to meet Nasdaq listing requirements effective August 12, 2026.
Check-Cap will implement a 1-for-7 reverse stock split on August 12, 2026, reducing its outstanding shares from approximately 9.46 million to 1.35 million. The move aims to increase the company’s share price to comply with Nasdaq listing standards.
Prior to the split, MBAI’s share count stood at 9.46 million, which the company seeks to adjust to avoid delisting risks. Reverse splits are often used by firms to maintain exchange compliance by elevating stock prices above minimum thresholds.
No immediate market reaction was disclosed following the announcement.