other material
confidence high
sentiment neutral
materiality 0.60
Modular Medical announces 1-for-3 reverse stock split to meet Nasdaq listing price requirement
Modular Medical, Inc.
- Reverse split ratio 1-for-3; effective Nov 29, 2021; trading symbol temporarily changes to MODDD.
- Split intended to fulfill Nasdaq's $4.00 minimum bid price requirement for proposed uplisting.
- No fractional shares issued; any fractions rounded up to nearest whole share.
- Authorized shares unchanged; stockholders in brokerage accounts need no action.
- Uplisting not guaranteed; other Nasdaq listing requirements must still be satisfied.