Drazen Zigic
- Clinical stage medical diagnostics company Check-Cap (NASDAQ:CHEK) and fintech company Nobul AI entered a business combination agreement under which the shareholders of Nobul will become the majority holders of the combined company.
- If completed, the business combination will create a public company headquartered in Toronto, Canada and focused on an AI-driven fintech marketplace as well as buying and AI-enabling traditional companies to generate higher returns.
- The proposed transaction has been approved by the board of directors of both companies.
- CHEK stock price climbed ~64% on Monday during after hours of trading.