Monitor upcoming financial filings for signs of continued cash burn and potential follow-on dilutive offerings, as the current capital raise appears insufficient to achieve commercialization milestones for the Pivot insulin pump.
Price Chart
Executive Summary
Modular Medical is raising $3.375 million through a registered direct offering of 750,000 shares at $4.50 per share, despite having only $2.9 million in cash and facing substantial doubt about its ability to continue as a going concern. The offering, facilitated by Maxim Group LLC, includes a 7% placement fee and $75,000 in expense reimbursement, with insiders agreeing to 90-day lock-up periods.
Key Financial Metrics
Key Facts
- Modular Medical is raising $3.375 million through a registered direct offering of 750,000 shares at $4.50 per share
- The company has only $2.9 million in cash and will need additional capital within four months to commercialize its FDA-cleared Pivot insulin pump
- Auditors have expressed substantial doubt about the company's ability to continue as a going concern
- The offering includes a 7% placement fee to Maxim Group LLC and up to $75,000 in expense reimbursement
- Company insiders have agreed to 90-day lock-up agreements preventing them from selling shares
Financial Impact
Raises $3.375 million gross proceeds at $4.50 per share, representing significant dilution for existing shareholders
Risk Factors
- Substantial doubt about going concern status
- Significant shareholder dilution from the offering
- Insufficient capital to commercialize the Pivot insulin pump without additional funding
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-045985 |
| Document: ea0287108-8k_modular.htm | 0001213900-26-045985 |
| Document: ea028710801ex99-1.htm | 0001213900-26-045985 |
| Document: ea028710801ex5-1.htm | 0001213900-26-045985 |
| Document: 0001213900-26-045985-index-headers.html | 0001213900-26-045985 |
| Document: 0001213900-26-045985-index.html | 0001213900-26-045985 |
| Document: 0001213900-26-045985.txt | 0001213900-26-045985 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | DEF 14A | $2.08 | awaiting T+60 | — | $1.65 (+20.67%) |
Aug 19, 2026 9w ago | EFFECT | $3.32 | awaiting T+60 | — | $1.65 (+50.30%) |
Aug 5, 2026 11w ago | S-3 | $2.03 | awaiting T+60 | — | $1.65 (+18.72%) |
Apr 23, 2026 26w ago | S-3 | $4.65 $2.64 | ▲ +43.16% | ▲ +48.18% | $1.65 (+64.48%) |
Apr 21, 2026 26w ago | 8-K | $5.00 $3.24 | ▲ +35.20% | ▲ +42.10% | $1.65 (+67.00%) |
Apr 21, 2026 26w ago | 424B5 | $5.00 $3.24 | ▲ +35.20% | ▲ +42.10% | $1.65 (+67.00%) |
Apr 16, 2026 27w ago | 8-K | $4.82 $3.99 | ▼ −17.22% | ▼ −24.27% | $1.65 (−65.77%) |
Mar 4, 2026 33w ago | 424B4 | $5.70 $5.14 | ▲ +9.82% | ▲ +19.91% | $1.65 (+71.05%) |
Mar 4, 2026 33w ago | EFFECT | $5.70 $5.14 | ▼ −9.82% | ▼ −19.91% | $1.65 (−71.05%) |
Feb 27, 2026 34w ago | S-1 | $7.41 $4.90 | ▲ +33.87% | ▲ +43.26% | $1.65 (+77.73%) |
US Market Status
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