---
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"
generated_at: "2026-05-24T04:43:27.367391+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modular Medical raises ~$12.5M in private placement; funds MODD1 tubeless FDA submission

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-25-002793
- JSON: https://secwatch.observer/filing/0001013762-25-002793.json
- Plain text: https://secwatch.observer/filing/0001013762-25-002793.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.