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Modular Medical will split 30 old shares into 1 new one to meet Nasdaq listing rules.
Modular Medical announced a 1-for-30 reverse stock split effective March 31, 2026, to meet Nasdaq's listing requirements.
The move reduces outstanding shares from about 140 million to 4.7 million, with shareholders receiving one new share for every 30 old ones.
Fractional shares will be paid in cash, and equity awards will be adjusted proportionally.
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Modular Medical dividirá 30 acciones antiguas en una nueva para cumplir con las reglas de cotización Nasdaq.