Modular Medical Prices Public Offering of 68,098,000 Shares at $0.1762 Each
Modular Medical announced the pricing of a public offering with new and existing investors of 68,098,000 shares of its common stock and warrants to purchase up to an aggregate of 68,098,000 shares of its common stock at a combined public offering price of $0.1762 per share and accompanying warrant. The warrants will have an exercise price of $0.1762 per share, will be exercisable immediately, and will expire five years from the date of issuance. The gross proceeds from the offering, before deducting placement agent fees and other offering expenses, are expected to be approximately $12M. The closing of the offering is expected to occur on or about March 4, 2026, subject to the satisfaction of customary closing conditions. Maxim Group is acting as the sole placement agent for the offering.
