Modular Medical prices $3.4M offering of 750k shares at $4.50 each

Modular Medical, Inc.

Gross proceeds ~$3.4M from sale of 750,000 shares; closing expected April 21, 2026.
Offering priced at $4.50 per share under effective shelf registration S-3 (333-287313).
Maxim Group LLC is sole placement agent with a 7% fee and up to $75k expense reimbursement.
Directors and officers subject to 90-day lock-up; company restricted from new issuances for 45 days.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Modular Medical, Inc. entered into Placement Agency Agreement with Maxim Group LLC valued at approximately $3.375 million (effective 2026-04-19).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Value: approximately $3.375 million
Effective: 2026-04-19

Exact text from the filing

On April 19, 2026, Modular Medical, Inc. (the “Company”) entered into a Placement Agency Agreement (the “Agreement”) with Maxim Group LLC (the “Placement Agent”), relating to a registered direct offering (the “Offering”) of 750,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), referred to as the “Shares.” The gross proceeds to the Company from the Offering will be approximately $3.375 million

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Modular Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-045985

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