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- Going Concern (new) — The company's financial statements include a going-concern warning, and it expects cash of about $8.5 million after the offering to fund operations for only about four months.
- Delisted (new) — The company recently regained Nasdaq compliance after a 1-for-30 reverse stock split, but delisting risk remains if it fails to maintain the minimum bid price.
Modular Medical prices $3.4M offering at $4.50/share; net proceeds $2.9M for working capital
Filed April 21, 2026 · ~1 min read
Key Changes
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Modular Medical is offering 750,000 shares at $4.50 each, raising about $2.9 million net for general corporate purposes.
The Offering verify on EDGAR → -
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The company expects net proceeds of approximately $2.9 million, which it will use for working capital, capital expenditures, and general corporate purposes.
Use of Proceeds verify on EDGAR → -
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New investors will experience immediate dilution of $2.87 per share, as the offering price is substantially above net tangible book value.
Dilution verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify