Check-Cap Ltd. announces MBody AI's expansion of Fortune 500 gaming and hospitality deployment from pilot to multi-property, with less than 10% of national footprint covered, and provides business combination update.
Key takeaways
MBody AI expands deployment with Fortune 500 gaming/hospitality operator across multiple properties after successful pilot.
Current deployment covers less than 10% of operator's national footprint with dozens of facilities.
Agreement includes autonomous floor care, positioned for expansion into outdoor cleaning, facility services, food/beverage delivery.
NASDAQ requested supplemental information as expected step in listing process ahead of MBody AI business combination.
Merger targeted to close in first half of 2026, subject to customary conditions.
MBody AI uses Orchestrator platform under long-term subscription agreements for recurring revenue.