---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-014985"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-06T00:01:44.659607+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Modular Medical prices $10M public offering of 9.09M shares at $1.10 per share

## Summary
- Priced 9,090,910 shares at $1.10/share for $10M gross proceeds; over-allotment option for 1,321,989 additional shares.
- Offering led by Manchester Explorer, managed by CEO Jeb Besser and director Morgan Frank, plus other institutions.
- Net proceeds to fund operations, working capital, and general corporate purposes; closing expected Feb 21, 2024.
- Directors/executive officers subject to lock-up until May 21, 2024, prohibiting sale of securities without underwriter consent.

## SEC filing metadata
- accession: 0001213900-24-014985
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2024-02-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014985/0001213900-24-014985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014985/ea193973-8k_modular.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-014985
- JSON: https://secwatch.observer/filing/0001213900-24-014985.json
- Plain text: https://secwatch.observer/filing/0001213900-24-014985.txt

## Key facts
- Material Agreements
  Modular Medical, Inc. entered into Agreement with Titan Partners Group LLC, a division of American Capital Partners, LLC (effective 2024-02-15).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Titan Partners Group LLC, a division of American Capital Partners, LLC
  - Effective: 2024-02-15
  source text: On February 15, 2024, Modular Medical, Inc. (the “Company”) entered into an Underwriting Agreement (the “Agreement”) with Titan Partners Group LLC, a division of American Capital Partners, LLC (the “Underwriter”), relating to a firm commitment underwritten offering (the “Offering”) of 9,090,910 shares (the “Shares”) of common stock of the Company (“Common Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390024014985/0001213900-24-014985-index.htm

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