{"schema_version":"secwatch.filing_event.v1","accession":"0001013762-25-002793","form_type":"8-K","ticker":"MODD","cik":"0001074871","company_name":"Modular Medical, Inc.","filed_at":"2025-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.874978+00:00","generated_at":"2026-05-24T04:43:27.367391+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Modular Medical raises ~$12.5M in private placement; funds MODD1 tubeless FDA submission","bullets":["6,247,656 Units at $1.92/Unit; each Unit = 2 common shares + 1 warrant (exercise $1.12, 4-yr term).","Concurrent direct placement of 260,417 Units for ~$0.5M to foreign investor under Regulation S.","Proceeds for general corporate, supply-chain, MODD1 tubeless FDA submission (target Q3 2025), CE mark.","Officers/directors purchased 374,478 Units; lock-up 60 days; no Variable Rate Transactions for 1 year.","Placement agent Newbridge receives 7.25% fee, $50k expenses, and 874,672 warrants at $1.40."],"urls":{"canonical":"https://secwatch.observer/filing/0001013762-25-002793","json":"https://secwatch.observer/filing/0001013762-25-002793.json","markdown":"https://secwatch.observer/filing/0001013762-25-002793.md","text":"https://secwatch.observer/filing/0001013762-25-002793.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1074871/000101376225002793/0001013762-25-002793-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1074871/000101376225002793/ea0235502-8k_modular.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T04:43:27.367391+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}