---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-090336"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2025-09-23T23:59:59+00:00"
generated_at: "2026-05-17T05:51:25.598916+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Modular Medical induces warrant exercise for ~$3.7M gross; issues new warrants at premium

## Summary
- Warrant holders exercise ~5.5M shares at $0.68/share (10% discount to NOCP), raising $3.7M.
- Company issues ~2.75M new warrants (50% of exercised shares) with 5-year term at $0.84/share exercise price.
- Newbridge Securities receives $400K fixed fee plus up to $50K expense reimbursement as servicing agent.
- New warrants are unregistered and rely on Sections 3(a)(9) and 4(a)(2) exemptions.

## SEC filing metadata
- accession: 0001213900-25-090336
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2025-09-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000121390025090336/0001213900-25-090336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000121390025090336/ea0258326-8k_modular.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-090336
- JSON: https://secwatch.observer/filing/0001213900-25-090336.json
- Plain text: https://secwatch.observer/filing/0001213900-25-090336.txt

## Key facts
- Equity Issuances
  Modular Medical, Inc. issued approximately 2,747,314 shares of the Company’s common stock of warrant to holders of the Outstanding Warrants for holders agreed to exercise these ... warrants at the New Exercise Price; gross proceeds of approximately $3.7 million.
  - Security: warrant
  - Shares: approximately 2,747,314 shares of the Company’s common stock
  - Purchaser: holders of the Outstanding Warrants
  - Consideration: holders agreed to exercise these ... warrants at the New Exercise Price; gross proceeds of approximately $3.7 million
  source text: agreed to exercise these 2025 Warrants at the New Exercise Price. As a result of entering into the Warrant Letters, the Company will receive gross proceeds of approximately $3.7 million, before deducting expenses related to the Company entering into the Warrant Letters. In consideration for the holders of the Outstanding Warrants agreeing to enter into the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390025090336/0001213900-25-090336-index.htm

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