Modular Medical, Inc 8-K, filed Apr 8, 2022
Modular Medical, Inc. (MODD)
About this 8-K
Modular Medical, Inc filed this 8-K on April 8, 2022.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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| Item 8.01. | Other Events. |
As previously reported on a Current Report on Form 8-K filed on February 14, 2022 with the U.S. Securities and Exchange Commission (the “SEC”) by Modular Medical, Inc. (the “Company”), on February 9, 2022 (the “Effective Date”), the Company entered into an underwriting agreement with Oppenheimer & Co. Inc. (“Oppco”) whereby the Company agreed to enter into a “lock-up” agreement (the “Lock-Up”), pursuant to which the Company agreed not to offer for sale, issue, sell, contract to sell, pledge or otherwise dispose of any of its shares of common stock or securities convertible into common stock for a period of 180 days after the Effective Date (the “Lock-Up Period”).
On March 28, 2022, Oppco provided the Company with a waiver to the Lock-Up (the “Waiver”) to allow the Company to file a registration statement on Form S-3 with the SEC to effect the shelf registration of an indeterminate amount of the Company’s equity, equity-linked and/or debt securities (the “Shelf Registration Statement”) prior to the expiration of the Lock-Up Period.
The Waiver is limited to the filing of the Shelf Registration Statement, and, if the Company intends to file a prospectus supplement to the Shelf Registration Statement and/or to make any sales pursuant to the Shelf Registration Statement prior to the expiration of the Lock-Up Period, the Company must obtain Oppco’s written consent before doing so.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits: |
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| MODULAR MEDICAL, INC. | |||
| Date: April 8, 2022 | By: | /s/ James Besser | |
| James Besser | |||
| Chief Executive Officer | |||