Modular Medical announces 1-for-30 reverse stock split to regain Nasdaq compliance

Modular Medical, Inc.

Reverse split effective 5:30am ET March 31, 2026; trading on split-adjusted basis under MODD symbol.
Ratio: 1-for-30; outstanding shares reduced from 139,810,797 to approximately 4,660,360.
Purpose: increase per-share price to satisfy $1.00 minimum bid price for continued Nasdaq listing.
Authorized shares and par value unchanged; fractional shares paid in cash.
All equity awards and warrants adjusted proportionally (exercise price multiplied by 30).

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Modular Medical, Inc.: Filed certificate of amendment to effect a one-for-thirty reverse stock split of common stock (effective 2026-03-31).

Change: charter amendment
Effective: 2026-03-31

Exact text from the filing

On March 30, 2026, Modular Medical, Inc. (the “Company”) filed a certificate of amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Nevada (the “Amendment”) to effect a one (1)-for-thirty (30) reverse stock split of the Company’s shares of common stock (the “Common Stock”), par value $0.001 per share (the “Reverse Split”).

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Modular Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-037531

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