Check-Cap Ltd

Going-concern micro-cap pursuing a reverse merger with near-zero liquidity.

Strengths

• Pending MBody AI merger and ARC ELOC facility offer a potential funding path
• Reported ROA/ROE positive but are negative-equity/one-off artifacts, not real returns

Risks

• Explicit going-concern doubt; current and quick ratios ~0.05 (3rd pct) — near cash-out
• Survival hinges on uncertain merger close and dilutive equity-line financing

Notable findings

• Going concernOur management and board of directors have concluded that a substantial doubt is deemed to exist concerning our ability to continue as a going concern
• Weak liquidityCurrent ratio 0.05 (<1)
• Pending mergerAccordingly, the issuance of ordinary shares to MBody AI’s shareholders pursuant to the Merger Agreement will significantly reduce the relative voting power of each ordinary share held by the Previous