secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001213900-24-014985
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000121390024014985/0001213900-24-014985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000121390024014985/ea193973-8k_modular.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-014985

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