MODULAR MEDICAL, INC.

Up to 23,571,007 of Shares of Common Stock and Accompanying

Common Warrants to Purchase up to 23,571,007  Shares of Common Stock

or

Up to 23,571,007 of Pre-Funded Warrants to Purchase Shares of Common Stock and Accompanying

Common Warrants to Purchase up to 23,571,007 Shares of Common Stock

and

Up to 47,142,014 Shares of Common Stock Issuable Upon Exercise of the Pre-Funded Warrants and Common Warrants

We are offering on a best-efforts basis up to $12,000,000 of shares of our common stock, or up to 23,571,007 shares of common stock, par value $0.001, or "common stock", and accompanying warrants to purchase up to 23,571,007 shares of common stock, or the "common warrants", pursuant to this prospectus. The assumed combined public offering price for each share of our common stock, together with a common warrant to purchase one share of common stock, is $0.5091, which represents the last reported sale price of our common stock as reported on the Nasdaq Capital Market on February 19, 2026. Each common warrant will have an exercise price of $        per share, will be exercisable immediately upon issuance and will expire on the fifth anniversary of the date of issuance. The shares of our common stock and the common warrants are immediately separable and will be issued separately, but will be purchased together in this offering. This prospectus also relates to the offering of the shares of common stock issuable upon exercise of the common warrants.

We are also offering pre-funded warrants to purchase up to an aggregate of  23,571,007 shares of common stock, or the "pre-funded warrants" (together with the common warrants, the "warrants"), in lieu of shares of common stock to those purchasers whose purchase of shares of common stock in this offering would result in the purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding shares of common stock following the consummation of this offering. A holder of pre-funded warrants will not have the right to exercise any portion of its pre-funded warrants if the holder, together with its affiliates and certain related parties, would beneficially own in excess of 4.99% (or, at the election of the holder, 9.99%) of the number of shares of common stock outstanding immediately after giving effect to such exercise. Each pre-funded warrant is exercisable for one share of our common stock. Each pre-funded warrant is being issued together with the same common warrant described above being issued with each share of common stock. For each pre-funded warrant that we sell, the number of shares of common stock that we are selling will be decreased on a one-for-one basis. The assumed combined public offering price of each pre-funded warrant, together with the accompanying common warrant, is $0.5081, which represents the last reported sale price of our common stock as reported on the Nasdaq Capital Market on February 19, 2026 minus $0.001, which will be the per share exercise price of each pre-funded warrant. The pre-funded warrants are immediately exercisable and may be exercised at any time until all of the pre-funded warrants are exercised in full. The pre-funded warrants and the common warrants are immediately separable and will be issued separately, but will be purchased together in this offering. In this prospectus, we refer to the common warrants and pre-funded warrants together as the "warrants." This prospectus also relates to the offering of common stock issuable upon exercise of such warrants. We collectively refer to the shares of common stock and warrants offered hereby and the shares of common stock underlying the warrants as the "securities."

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