---
schema_version: "secwatch.filing_event.v1"
accession: "0001019056-22-000371"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:19:02.303263+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Modular Medical raises $8M via registered direct offering with Sio Capital Management

## Summary
- Offering: 449,438 shares at $4.45/share and pre-funded warrants for 1,348,314 shares at $4.44/warrant.
- Private placement warrants for 1,438,202 shares at $6.60 exercise price, exercisable after 6 months for 5 years.
- Gross proceeds $8M; net ~$7.4M; use for operations, product development, working capital.
- Expected close May 5, 2022; Oppenheimer & Co. placement agent; 90-day equity issuance lock-up.

## SEC filing metadata
- accession: 0001019056-22-000371
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000101905622000371/0001019056-22-000371-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000101905622000371/modular_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019056-22-000371
- JSON: https://secwatch.observer/filing/0001019056-22-000371.json
- Plain text: https://secwatch.observer/filing/0001019056-22-000371.txt

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