{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-027652","form_type":"8-K","ticker":"MODD","cik":"0001074871","company_name":"Modular Medical, Inc.","filed_at":"2026-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.505280+00:00","generated_at":"2026-05-15T12:18:57.348712+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Modular Medical lays off 29% of workforce to cut annual costs by $3.4M","bullets":["Layoff of 20 positions, representing ~29% of total workforce, effective March 12, 2026.","Expected annual operating expense reduction of approximately $3.4 million.","Non-recurring charges estimated at $0.1M–$0.2M, mainly severance; majority by June 30, 2026.","Company prioritizing higher-ROI projects to reduce cash burn."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-027652","json":"https://secwatch.observer/filing/0001213900-26-027652.json","markdown":"https://secwatch.observer/filing/0001213900-26-027652.md","text":"https://secwatch.observer/filing/0001213900-26-027652.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1074871/000121390026027652/0001213900-26-027652-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1074871/000121390026027652/ea0281485-8k_modular.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T12:18:57.348712+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}