Modular Medical Enacts Reverse Split to Maintain Nasdaq Listing

2026-04-08 06:27:42

Modular Medical (MODD) executed a 1-for-30 reverse stock split on March 31, 2026, significantly reducing its outstanding shares from approximately 139.8 million to 4.66 million. This action aims to elevate the company’s per-share trading price to meet Nasdaq’s $1.00 minimum bid requirement and maintain its listing. The reverse split preserved investor voting rights and kept the authorized share count unchanged, with fractional shares being compensated in cash.

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