{"schema_version":"secwatch.filing_event.v1","accession":"0001019056-21-000551","form_type":"8-K","ticker":"MODD","cik":"0001074871","company_name":"Modular Medical, Inc.","filed_at":"2021-10-29T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.382343+00:00","generated_at":"2026-06-28T16:05:10.747619+00:00","sec_items":["1.01","9.01","2.03","3.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Modular Medical secures $3M revolving credit facility at 12%; officers buy $250k in stock","bullets":["CEO Ellen O'Connor Vos and Chairman Paul DiPerna purchased 92,592 shares at $2.70/share for $250,000 total.","Company entered $3M revolving credit facility with Manchester Explorer L.P., secured by all assets.","Interest rate 12% on drawn amounts; maturity March 15, 2022; no draws to date.","Principal must be repaid earlier if company raises >$12M in equity before maturity.","Event of default allows acceleration; note is secured by first priority lien on all property."],"urls":{"canonical":"https://secwatch.observer/filing/0001019056-21-000551","json":"https://secwatch.observer/filing/0001019056-21-000551.json","markdown":"https://secwatch.observer/filing/0001019056-21-000551.md","text":"https://secwatch.observer/filing/0001019056-21-000551.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1074871/000101905621000551/0001019056-21-000551-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1074871/000101905621000551/modular_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T16:05:10.747619+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"}