Check-Cap Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K is filed by Check-Cap Ltd., a foreign private issuer, for the month of January 2026, with a filing date of January 23, 2026. The report addresses the Company's compliance status with Nasdaq Listing Rule 5550(b)(1) regarding minimum stockholders' equity.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, or debt figures for the current period. The primary financial metric disclosed is stockholders' equity, which the Company states exceeds the required $2,500,000 threshold as of the date of this filing.
Material Changes
- Equity Restoration: The Company previously received a deficiency letter on September 3, 2025, for failing to meet the $2,500,000 minimum stockholders' equity requirement.
- Loan Receivable Adjustment: The Company had fully impaired a loan receivable from Apollo Technology Capital Corporation (formerly Nobul AI Corp.) as of December 31, 2024. Based on new valuation analysis in September 2025, the Company reinstated the recoverable portion of this loan in its financial statements for the six months ended June 30, 2025.
- Compliance Status: As a result of reinstating the loan receivable, stockholders' equity now exceeds $2,500,000, and the Company believes it is in compliance with the Nasdaq Equity Rule.
Outlook, Risks, and Management Commentary
Management anticipates remaining in compliance with the Equity Rule at the time of the next periodic report. However, the filing notes that Nasdaq will continue to monitor ongoing compliance. If the Company fails to evidence compliance in its next periodic report, it may be subject to delisting.
Investor Verification Checklist
- Verify the specific amount of stockholders' equity reported in the unaudited financial statements for the six months ended June 30, 2025.
- Confirm the valuation methodology used to reinstate the recoverable portion of the Apollo Technology Capital Corporation loan receivable.
- Monitor the Company's next periodic report to ensure continued compliance with Nasdaq Listing Rule 5550(b)(1).
- Review the full Form 20-F filed on August 27, 2025, for details on the initial impairment of the Apollo loan.