{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-045985","form_type":"8-K","ticker":"MODD","cik":"0001074871","company_name":"Modular Medical, Inc.","filed_at":"2026-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:31.914028+00:00","generated_at":"2026-05-15T05:03:10.549070+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Modular Medical prices $3.4M offering of 750k shares at $4.50 each","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-045985","json":"https://secwatch.observer/filing/0001213900-26-045985.json","markdown":"https://secwatch.observer/filing/0001213900-26-045985.md","text":"https://secwatch.observer/filing/0001213900-26-045985.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1074871/000121390026045985/0001213900-26-045985-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1074871/000121390026045985/ea0287108-8k_modular.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:03:10.549070+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":[{"claim_id":"474e9ab02070326b8c8393cc7564773eef9a69f6","claim":"Modular Medical, Inc. entered into Placement Agency Agreement with Maxim Group LLC valued at approximately $3.375 million (effective 2026-04-19).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1074871/000121390026045985/0001213900-26-045985-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Maxim Group LLC"},{"label":"Value","value":"approximately $3.375 million"},{"label":"Effective","value":"2026-04-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}