Check-Cap (NASDAQ: CHEK) cites restored equity above Nasdaq $2.5M bar

Rhea-AI Filing Summary

Check-Cap Ltd. (CHEK) reports that, based on its unaudited financial statements for the six months ended June 30, 2025, its stockholders’ equity now exceeds the $2,500,000 minimum required under Nasdaq Listing Rule 5550(b)(1).

The company had previously fully impaired a loan receivable from Apollo Technology Capital Corporation, but after receiving new information about Apollo’s financial condition, it reinstated the recoverable portion of that loan when preparing its June 30, 2025 financials. This reinstatement increased stockholders’ equity above the Nasdaq threshold, and the company believes it is currently in compliance with the equity listing rule.

Nasdaq will continue to monitor ongoing compliance, and the company notes that failure to meet the equity rule or other listing requirements in future periodic reports could lead to delisting, though it anticipates being in compliance at the time of its next filing.

Insights

Equity & Listings Analyst

Check-Cap says it has regained Nasdaq equity compliance after reversing part of a prior loan impairment.

Check-Cap indicates its stockholders’ equity now exceeds the Nasdaq Listing Rule 5550(b)(1) minimum of $2,500,000, based on consolidated unaudited financial statements for the six months ended June 30, 2025. The key driver is reinstating the recoverable portion of a loan receivable from Apollo Technology Capital Corporation, which had previously been fully impaired as of December 31, 2024.

This is directionally favorable because it addresses an earlier Nasdaq deficiency notice tied to low equity and supports the company’s view that it is currently compliant with the equity rule. However, Nasdaq will continue to monitor compliance, and the text explicitly notes that if a future periodic report does not evidence compliance with the equity rule or other listing standards, the company could face delisting.

The company states that it anticipates being in compliance when it files its next periodic report, but the actual outcome will depend on future financial results and any further developments related to the Apollo receivable or other balance sheet items.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number: 001-36848

Check-Cap Ltd.

(Exact Name of Registrant as Specified in Charter)

Abba Hushi Avenue

P.O. Box 1271

Isfiya, 30090 Mount Carmel, Israel

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

This Form 6-K is being incorporated by reference into Check-Cap Ltd.’s Registration Statements on Form F-3 (File No. 333-262401) and Form S-8 (File No. 333-203384, 333-226490 and 333-259666) filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

Nasdaq Compliance

As previously disclosed, on September 3, 2025, Check-Cap Ltd. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires the Company maintain a minimum of $2,500,000 in stockholders’ equity (the “Equity Rule”).

As disclosed in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on August 27, 2025, the Company fully impaired its loan receivable from Apollo Technology Capital Corporation (“Apollo”), formerly known as Nobul AI Corp., based on conditions existing as of December 31, 2024. During the six months ended June 30, 2025, new information regarding Apollo’s financial condition became available, including management’s valuation analysis in September 2025. Accordingly, the Company reinstated the recoverable portion of the loan receivable from Apollo in connection with its preparation of the financial statements for the six months ended June 30, 2025. Based on its consolidated unaudited financial statements as of and for the six months ended June 30, 2025 furnished with the SEC on December 30, 2025, the Company’s stockholders’ equity exceeded $2,500,000. As a result of reinstating the recoverable portion of the loan receivable from Apollo, the Company’s stockholders’ equity exceeds $2,500,000 as of the date of this filing, and, accordingly, the Company believes it is in compliance with the Equity Rule as of the date hereof.

Nasdaq will continue to monitor the Company’s ongoing compliance with the Equity Rule. If at the time of its next periodic report the Company does not evidence compliance with the Equity Rule or other Nasdaq listing rules, it may be subject to delisting. The Company anticipates being in compliance with the Equity Rule at the time of the filing of its next periodic report.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CHECK-CAP LTD.
	(Registrant)
Date: January 23, 2026	By:	/s/ David Lontini
	Name:	David Lontini
	Title:	Interim Chief Executive Officer

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FAQ

How did Check-Cap Ltd. (CHEK) address its Nasdaq equity deficiency?

Check-Cap Ltd. reinstated the recoverable portion of a loan receivable from Apollo Technology Capital Corporation, which increased its stockholders’ equity above the $2,500,000 Nasdaq Listing Rule 5550(b)(1) minimum based on unaudited financials for the six months ended June 30, 2025.

Is Check-Cap Ltd. currently in compliance with Nasdaq Listing Rule 5550(b)(1)?

The company states that, as a result of reinstating the recoverable portion of the Apollo loan receivable, its stockholders’ equity exceeds $2,500,000 as of the date of the report, and it therefore believes it is in compliance with Nasdaq Listing Rule 5550(b)(1).

What caused Check-Cap Ltd. to previously fall out of compliance with the Nasdaq equity rule?

Previously, Check-Cap Ltd. received a Nasdaq deficiency letter after its stockholders’ equity fell below $2,500,000, in part because it had fully impaired a loan receivable from Apollo Technology Capital Corporation based on conditions as of December 31, 2024.

Why did Check-Cap Ltd. change its treatment of the Apollo loan receivable?

During the six months ended June 30, 2025, new information about Apollo’s financial condition became available, including management’s valuation analysis in September 2025. Based on this information, Check-Cap reinstated the recoverable portion of the loan receivable when preparing its June 30, 2025 financial statements.

Could Check-Cap Ltd. still be delisted from Nasdaq after this update?

Yes. Nasdaq will continue to monitor compliance, and the company notes that if its next periodic report does not show compliance with the equity rule or other listing requirements, it may be subject to delisting.

What does Check-Cap Ltd. expect regarding future compliance with the Nasdaq equity rule?

Check-Cap Ltd. states that it anticipates being in compliance with the Nasdaq equity rule at the time it files its next periodic report.