An alternative to conventional uniform sampling is that of time encoding, which converts continuous-time signals into streams of trigger times. This gives rise to Event-Driven Sampling (EDS) models. The data-driven nature of EDS acquisition is advantageous in terms of power consumption and time resolution and is inspired by the information representation in biological nervous systems. If an analog signal is outside a predefined dynamic range, then EDS generates a low density of trigger times, which in turn leads to recovery distortion due to aliasing. In this paper, inspired by the Unlimited Sensing Framework (USF), we propose a new EDS architecture that incorporates a modulo nonlinearity prior to acquisition that we refer to as the modulo EDS or MEDS. In MEDS, the modulo nonlinearity folds high dynamic range inputs into low dynamic range amplitudes, thus avoiding recovery distortion. In particular, we consider the asynchronous sigma-delta modulator (ASDM), previously used for low power analog-to-digital conversion. This novel MEDS based acquisition is enabled by a recent generalization of the modulo nonlinearity called modulo-hysteresis. We design a mathematically guaranteed recovery algorithm for bandlimited inputs based on a sampling rate criterion and provide reconstruction error bounds. We go beyond numerical experiments and also provide a first hardware validation of our approach, thus bridging the gap between theory and practice, while corroborating the conceptual underpinnings of our work.