secwatch.observer — SEC 8-K summary
======================================

Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001019056-22-000371
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000371/0001019056-22-000371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000371/modular_8k.htm
  HTML page:      https://secwatch.observer/filing/0001019056-22-000371

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