Nobul Ai Corp And Check-cap Ltd Merge Deal

Nobul AI Corp. and Check-Cap Ltd. have officially announced their agreement to merge, with Nobul's shareholders set to become the primary owners of the newly combined entity. This merger will result in the establishment of a publicly traded company based in Toronto, Canada, focusing on an AI-driven fintech marketplace and the acquisition of traditional companies with AI capabilities to enhance returns for shareholders.

As part of this merger, the combined company will seek listing on both the NASDAQ and TSX, pending the fulfillment of all listing criteria and approval from both exchanges. The executive team of Nobul, led by Regan McGee, will continue to lead the combined company.

"We are thrilled to finalize this merger agreement with Nobul, a rapidly growing technology firm dedicated to delivering substantial returns to its shareholders," stated Paul Medeiros, Chairman of Check-Cap's Board of Directors. "After a thorough evaluation of strategic options, Check-Cap's Board of Directors has determined that merging with Nobul is the most advantageous decision for our shareholders. We plan to convene a special meeting of Check-Cap shareholders in the near future to vote on this merger."

"The proposed merger with Check-Cap marks a significant milestone in our commitment to creating value for our shareholders. Nobul has a strong history of successful M&A and private equity deals, and this merger will provide us with a platform to pursue additional strategic transactions as a publicly traded company," commented Mr. McGee.

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