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).