---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-040917"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:10:43.148940+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modular Medical prices upsized $9.4M public offering of units at $2.13/unit

## Summary
- Offering of 8,816,900 common shares and warrants for 4,408,450 shares at $2.13/unit yields gross $9.4M.
- Net proceeds ~$8.3M; warrants exercisable at $1.22 for five years.
- Funds to finance operations through FDA approval, sales/marketing infrastructure, R&D, manufacturing.
- Underwriter Newbridge Securities; expected close May 18, 2023.
- 30-day over-allotment option for up to 1,322,534 shares and 661,267 warrants.

## SEC filing metadata
- accession: 0001213900-23-040917
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000121390023040917/0001213900-23-040917-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000121390023040917/ea178793-8k_modular.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-040917
- JSON: https://secwatch.observer/filing/0001213900-23-040917.json
- Plain text: https://secwatch.observer/filing/0001213900-23-040917.txt

## Key facts
- Material Agreements
  Modular Medical, Inc. entered into Underwriting Agreement with Newbridge Securities Corporation valued at aggregate gross proceeds of $9,400,000 (effective 2023-05-15).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Newbridge Securities Corporation
  - Value: aggregate gross proceeds of $9,400,000
  - Effective: 2023-05-15
  source text: On May 15, 2023, Modular Medical, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Newbridge Securities Corporation (“Newbridge” or the “Underwriter”), with respect to the issuance and sale in a firm commitment underwritten offering (the “Offering”) by the Company of units of its securities for aggregate gross proceeds of $9,400,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390023040917/0001213900-23-040917-index.htm

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