Modular Medical Inc. Faces Potential Delisting from Nasdaq Over Sub-$1 Stock Price

Reuters

07-03

Modular Medical Inc. Faces Potential Delisting from Nasdaq Over Sub-$1 Stock Price

Modular Medical Inc. announced on June 30, 2025, that it received a notification from the Nasdaq Stock Market regarding its failure to meet the minimum bid price requirement of $1 per share, as per Nasdaq Listing Rule 5550(a)(2). The company's stock has been trading below this threshold for 30 consecutive business days, ending on June 27, 2025. As a result, Modular Medical has been given a 180-day period, until December 29, 2025, to regain compliance by ensuring its stock price is at least $1 per share for ten consecutive business days. If the company fails to meet this requirement, it may seek an additional 180-day extension by meeting other listing standards and potentially implementing a reverse stock split. The company is currently exploring its options to address the issue, while its stock remains listed on the Nasdaq Capital Market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modular Medical Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-061072), on July 02, 2025, and is solely responsible for the information contained therein.

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Faces Potential Delisting from Nasdaq Over Sub-$1 Stock Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-03 05:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Modular Medical Inc. 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ID: 0001213900-25-061072), on July 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4082","symbol_name":"医疗保健设备","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250702:nNDL7RT55Y:1","article_id":"2548848582","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548848582","pubTimestamp":1751490068,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Modular Medical Inc. announced on June 30, 2025, that it received a notification from the Nasdaq Stock Market regarding its failure to meet the minimum bid price requirement of $1 per share, as per Nasdaq Listing Rule 5550. 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Faces Potential Delisting from Nasdaq Over Sub-$1 Stock Price\n    \n\n        Modular Medical Inc. announced on June 30, 2025, that it received a notification from the Nasdaq Stock Market regarding its failure to meet the minimum bid price requirement of $1 per share, as per Nasdaq Listing Rule 5550(a)(2). The company's stock has been trading below this threshold for 30 consecutive business days, ending on June 27, 2025. As a result, Modular Medical has been given a 180-day period, until December 29, 2025, to regain compliance by ensuring its stock price is at least $1 per share for ten consecutive business days. If the company fails to meet this requirement, it may seek an additional 180-day extension by meeting other listing standards and potentially implementing a reverse stock split. 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