Modular Medical, Inc. 8-K

What Happened
Modular Medical, Inc. (MODD) announced it received a written extension from Nasdaq after previously being notified on June 30, 2025 that its common stock had closed below the $1 minimum bid requirement. On December 30, 2025 Nasdaq’s Listing Qualifications Department granted a 180‑day extension to regain compliance; the Company disclosed the extension in a press release dated December 31, 2025. Trading of MODD shares on the Nasdaq Capital Market continues under the ticker "MODD" and the extension does not affect current trading.

Key Details

• Nasdaq found the Company noncompliant under Listing Rule 5550(a)(2) after the bid price closed below $1 for the prior 30 consecutive business days (notice dated June 30, 2025).
• Nasdaq granted a 180‑day extension on December 30, 2025; new deadline to regain compliance is June 29, 2026.
• To regain compliance the common stock must close at $1.00 or more for at least 10 consecutive business days before June 29, 2026.
• If compliance is not regained by the extension deadline, Nasdaq will notify the Company of delisting and the Company may appeal the delisting determination to a hearings panel (outcome not guaranteed).
• The Company furnished a press release announcing the extension as Exhibit 99.1 to the Form 8‑K.

Why It Matters
The extension gives investors and the company time to restore the stock’s bid price above $1 and avoid delisting, but it also signals that the shares have recently traded under Nasdaq’s minimum. Continued noncompliance could lead to delisting, which would likely reduce liquidity and visibility for retail investors. Shareholders should monitor the stock’s closing price and company updates for any actions management takes to regain compliance.