Modular Medical Stock Set for Reverse Split

The 1-30 reverse split will take effect on Tuesday, March 31st.

Mar. 28, 2026 at 12:54am

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Shares of Modular Medical, Inc. (NASDAQ:MODD) are set to undergo a 1-30 reverse split on Tuesday, March 31st. The reverse split was recently announced and will adjust the number of shares owned by shareholders after the market close on Monday, March 30th.

Why it matters

Reverse stock splits are often used by companies to increase their share price and regain compliance with minimum price requirements for stock exchanges. This move by Modular Medical could help the company maintain its NASDAQ listing.

The details

Modular Medical is a medical device company focused on the design and development of insulin pumps. Its stock has traded between $0.12 and $1.16 over the past 12 months, with the share price closing at $0.16 on Friday. The 1-30 reverse split will consolidate 30 existing shares into 1 new share.

  • The reverse split will take effect on the morning of Tuesday, March 31st, 2026.
  • The number of shares owned by shareholders will be adjusted after the market close on Monday, March 30th, 2026.

The players

Modular Medical, Inc.

A medical device company focused on the design and development of insulin pumps.

NASDAQ

The stock exchange where Modular Medical's shares are traded.

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What’s next

After the reverse split, Modular Medical's stock will begin trading on the NASDAQ under the same ticker symbol (MODD) but at a higher price per share.

The takeaway

Reverse stock splits are a common tactic used by companies to boost their share price and maintain compliance with exchange listing requirements. While this move by Modular Medical may help the company stay listed on the NASDAQ, it does not necessarily indicate any fundamental changes to the business or its long-term prospects.