secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001213900-25-120759
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 raises $4.68M in underwritten public offering of stock and warrants
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- Offered 12,173,000 shares of common stock and warrants for 6,086,500 shares at combined price of $0.77 per unit.
- Effective price of $0.38 per share and $0.01 per warrant; warrants exercisable at $0.45, expire in 5 years.
- Gross proceeds of $4.68M; net proceeds to fund operations, working capital, and general corporate purposes.
- Underwriter Newbridge Securities granted 30-day over-allotment option for up to 15% additional shares/warrants.
- Directors and executive officers subject to 60-day lock-up; company subject to 90-day lock-up.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000121390025120759/0001213900-25-120759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000121390025120759/ea0269264-8k_modular.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-120759

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