Modular Medical, Inc. plans to raise approximately $3.4 million through a registered direct offering of 750,000 shares at $4.50 each, closing around April 21, 2026, with Maxim Group as the placement agent. The company focuses on insulin delivery technology.

NodeGuardian

2026-04-21 05:21:00

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Modular Medical, Inc. (NASDAQ:MODD) announced the pricing of a registered direct offering of 750,000 shares of its common stock at $4.50 per share, aiming to raise approximately $3.4 million in gross proceeds. The offering is expected to close around April 21, 2026, with Maxim Group LLC acting as the sole placement agent. The company specializes in patient-centric insulin delivery technology and seeks to make high-quality glycemic control more accessible and affordable.

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Modular Medical Announces Pricing of $3.4 Million Registered Direct Offering of Common Stock

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