secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001213900-26-024671
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical raises $12M via public offering of 68M shares and warrants
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- Gross proceeds ~$12M from sale of 68,098,000 shares (or pre-funded warrants) and 68,098,000 warrants at $0.1762/unit.
- Warrants exercisable immediately at $0.1762, expire in five years.
- Maxim Group LLC acted as sole placement agent; lock-up agreements for directors/officers for 90 days.
- Offering closed March 4, 2026; proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000121390026024671/0001213900-26-024671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000121390026024671/ea0280388-8k_modular.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-024671

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer