Modular Medical (MODD) Announces $12 Million Private Placement

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Go back to Modular Medical (MODD) Announces $12 Million Private Placement

Modular Medical Announces $12 Million Private Placement

March 20, 2025 10:03 AM EDT

SAN DIEGO, CA / ACCESS Newswire / March 20, 2025 / Modular Medical, Inc. (Nasdaq: MODD) ("Modular Medical" or the "Company"), an insulin delivery technology company with the first FDA-cleared patch pump designed specifically to meet the needs of "almost-pumpers" with its user-friendly and affordable design, announced today the execution of definitive subscription agreements with institutional and accredited investors for a private placement, which is expected to result in gross proceeds of approximately $12 million, before deducting fees and offering expenses.

The private... More