MBody AI Completes Merger and $10 Million Offering
News related to:MBody AI Ltd · 2 min read
LAS VEGAS, Sept. 16, 2026 /CourierPR/ -- MBody AI Ltd, a leading embodied artificial intelligence company, has completed a significant corporate transformation following its merger with MBody AI Corp and a successful $10 million ordinary-share offering. The company, which now operates under the name MBody AI Ltd, has established a unified public-market identity, marking a new phase in its growth trajectory.
On August 26, 2026, MBody AI Corp merged with MBody AI Ltd, a move that brought together the two entities to form a more robust and integrated platform. Following the merger, MBody AI Ltd completed a firm-commitment underwritten public offering on August 27, 2026, raising approximately $10 million through the sale of 1,538,462 ordinary shares. The offering, which was exempt from registration under the U.S. Securities Act of 1933, as amended, will support customer deployments and the continued development of the company's proprietary MBody AI Orchestrator.
The MBody AI Orchestrator is a hardware-agnostic software platform designed to manage diverse robot fleets from multiple vendors across various sites and use cases. The platform offers AI-driven fleet analysis and optimization, task verification, and unified reporting, enabling seamless operation in real-world environments. As of September 15, 2026, the company had deployed its robot fleets across eleven U.S. states and one Canadian state, with recent expansions into outdoor operations through a pilot deployment with a Fortune 500 gaming operator.
MBody AI serves multiple Fortune 500 gaming and hospitality operators, including Mohegan Sun, a significant new customer. The company's technology has been deployed in large-scale hospitality environments, covering approximately 600 million square feet of operational space. The merger and offering have bolstered MBody AI's financial position, with a market capitalization of approximately $99 million as of September 15, 2026.
John Fowler, the Chief Executive Officer of MBody AI, stated, "Completing the merger, offering, and name change gives investors a clear public-market identity for MBody AI. Our technology is deployed with Fortune 500 gaming operators and has been proven over the past year and approximately 600 million square feet of cumulative operations. The capital from our offering will support customer deployments and the continued development of the MBody AI Orchestrator."
The company's Standard Industrial Classification has been changed to 7373 (Services, Computer Integrated Systems Design), reflecting its focus on providing enterprise software solutions for autonomous robot workforces. MBody AI's ordinary shares, par value NIS 48.00 per share, continue to be listed on The Nasdaq Capital Market under the symbol "MBAI."
With the successful completion of the merger and offering, MBody AI is well-positioned to continue its growth and innovation in the embodied artificial intelligence space. The company's focus on expanding its U.S. footprint and serving major industry players positions it for continued success in the coming years.