secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001213900-24-102121
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical closes $8.2M public offering of 5.45M shares at $1.50/share
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- Offered 5,450,573 shares at $1.50/share; gross proceeds ~$8.2M before expenses.
- Underwriter Titan Partners received warrants for 381,540 shares at $1.875 exercise price.
- CEO Jeb Besser's fund Manchester Explorer, largest shareholder, participated as existing institutional investor.
- Proceeds to fund operations, working capital, and general corporate purposes.
- Lock-up agreements for 60 days from close on Nov 25, 2024; company restricted from issuing equity for 60 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000121390024102121/0001213900-24-102121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000121390024102121/ea0222418-8k_modular.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-102121

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