S-1 · primary offering
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
MODD$1.79-0.83%
Modular Medical, Inc.
Sector: Surgical & Medical Instruments & ApparatusIndustry: Medical - DevicesCountry: USExchange: Nasdaq
Mkt Cap:$14.55M
Float & O/S:
Inst Own:
DilutionScan read 22 of Modular Medical, Inc.'s SEC filings and found 15 warrant series, 2 ATM programs, 3 shelf registrations, 1 S-1 registration and 5 completed offerings on file for MODD. The latest dilution event on file is a registration statement on Aug 18, 2026. Analysis updated Sep 9, 2026.
Signal8 Summary
MODD
Going-concern warning and reverse split
Snapshot
Modular Medical is a pre-revenue medical device company launching its first insulin pump. FY 2026 revenue was $0 with a net loss of $28.2M. Free cash flow was negative $27.7M, consuming the entire $6.9M cash balance in weeks at current burn rates.
What's Happening Right Now
- : The company announced plans to launch its Pivot insulin delivery system across five U.S. markets including Atlanta and Dallas beginning in October 2026.
- : The company formed a Pivot Innovation Council chaired by Dr. Robert Gabbay to guide clinical and commercial strategy.
- : Modular Medical partnered with IMO Health on a pilot to identify insulin pump patients directly within electronic health records.
- : The company's 10-K raised substantial doubt about its ability to continue as a going concern and disclosed a 1-for-30 reverse split effective March 31, 2026.
- : Modular Medical delivered insulin to the first patients using its Pivot tubeless patch pump, marking its transition from development to commercial operations.
Raise routes on file: active ATM + effective shelf · latest dilution event 77 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Aug 18, 2026 · Registration
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Completed
March 2026 Common Warrants ( March 2031)
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
September 2025 Warrant Inducement New Warrants ( September 2030)
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
December 2025 Underwriter Warrants ( December 2030)
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
December 2025 Offering Warrants ( December 2030)
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
November 2024 Underwriter Warrants ( November 2029)
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
March 2025 Private Placement Investor Warrants ( March 2029)
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
ATM program
Issued 2026
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
ATM program
Issued 2023
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
S-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
Registered direct offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Registered direct offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Public offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Public offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your MODD trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
