---
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"
generated_at: "2026-05-15T05:03:10.549070+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-045985
- JSON: https://secwatch.observer/filing/0001213900-26-045985.json
- Plain text: https://secwatch.observer/filing/0001213900-26-045985.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1074871/000121390026045985/0001213900-26-045985-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.