Modular Medical Files S-3 for Potential Securities Offering
Ticker: MODD · Form: S-3 · Filed: Apr 23, 2026 · CIK: 0001074871
Sentiment: neutral
Topics: registration-statement, securities-offering, legal-agreement
Related Tickers: MODL
TL;DR
MODL filed an S-3 for a stock offering with Maxim Group. Get ready for potential dilution.
AI Summary
Modular Medical, Inc. filed an S-3 registration statement on April 23, 2026, to register an unspecified amount of securities. The filing includes a sales agreement dated April 23, 2026, between the company and Maxim Group LLC, indicating a potential offering. Legal opinions from Luccky Brookman LLP and consents from Farber Hass Hurley LLP are also part of the submission.
Why It Matters
This S-3 filing indicates Modular Medical, Inc. is preparing to raise capital through a securities offering, which could impact its stock price and future operations.
Risk Assessment
Risk Level: medium — S-3 filings often precede stock offerings, which can lead to dilution and price volatility.
Key Numbers
- 333-295255 — File Number (Identifies this specific S-3 registration)
- 0001074871 — CIK (Central Index Key for Modular Medical, Inc.)
Key Players & Entities
- Modular Medical, Inc. (company) — Filer of the S-3 registration statement
- Maxim Group LLC (company) — Party to the sales agreement dated April 23, 2026
- Luccky Brookman LLP (company) — Provider of legal opinion in the filing
- Farber Hass Hurley LLP (company) — Provider of consent as independent registered public accounting firm
- April 23, 2026 (date) — Filing date and date of sales agreement
FAQ
What is the total amount of securities Modular Medical, Inc. intends to register?
The filing does not specify the total amount of securities to be registered, only that it is a registration statement for an unspecified amount.
What is the purpose of the sales agreement with Maxim Group LLC?
The sales agreement, dated April 23, 2026, is filed as Exhibit 10.1 and suggests a potential offering of securities under the registration statement.
When was the S-3 registration statement filed and accepted by the SEC?
The S-3 registration statement was filed and accepted on April 23, 2026.
What is Modular Medical, Inc.'s primary business according to the SIC code?
Modular Medical, Inc. is classified under SIC code 3841, which pertains to Surgical & Medical Instruments & Apparatus.
Who are the legal counsel and independent auditors mentioned in the filing?
The legal counsel providing an opinion is Luccky Brookman LLP, and the independent registered public accounting firm providing consent is Farber Hass Hurley LLP.
Filing Details
This Form S-3 (Form S-3) was filed with the SEC on April 23, 2026 regarding Modular Medical, Inc. (MODD).