secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0001019056-22-000180
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical raises $15M in public offering, uplists to Nasdaq
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- Priced public offering of 2.5M units at $6.00/unit for gross proceeds of $15M; each unit = 1 share + 1 warrant.
- Common stock approved for listing on Nasdaq Capital Market under MODD; trading began Feb 10, 2022.
- Warrants exercisable immediately at $6.60/share, expire in 5 years; shares and warrants separately tradeable.
- Net proceeds for working capital, sales & marketing infrastructure, R&D, manufacturing, and repayment of promissory note.
- Offering closed Feb 14, 2022; underwriters led by Oppenheimer & Co., with Benchmark and Lake Street as co-lead managers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000180/0001019056-22-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000180/modular_8k.htm
  HTML page:      https://secwatch.observer/filing/0001019056-22-000180

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer