Modular Medical Regains Nasdaq Minimum Bid Price Compliance

What Happened

• Modular Medical, Inc. (ticker: MODD) announced it received a notification letter from the Nasdaq Stock Market's Listing Qualifications Department on April 15, 2026, stating the company had regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company issued a press release on April 16, 2026 and filed it as Exhibit 99.1 to the Form 8-K.

Key Details

• Notification date: April 15, 2026 (letter from Nasdaq Listing Qualifications Department).
• Press release date / 8-K filing date: April 16, 2026 (Exhibit 99.1).
• Rule referenced: Nasdaq Listing Rule 5550(a)(2) (minimum bid price requirement).
• Filing: Form 8-K Item 8.01 (Other Events); exhibit included for investor reference.

Why It Matters

• Regaining compliance with Nasdaq’s minimum bid price rule means the company has addressed the deficiency identified by Nasdaq and is meeting that listing standard again.
• Maintaining Nasdaq listing helps preserve the stock’s continued trading on a national exchange, which matters for liquidity, investor access, and the company’s visibility to institutional and retail investors.