Modular Medical raises $4.4 million through warrant exercise

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Go back to Modular Medical raises $4.4 million through warrant exercise

Modular Medical Announces Exercise of Warrants for $4.4 Million in Gross Proceeds

September 29, 2025 8:01 AM EDT

SAN DIEGO, CA / ACCESS Newswire / September 29, 2025 / Modular Medical, Inc. (NASDAQ: MODD) ("Modular Medical" or the "Company"), a leader in innovative insulin delivery technology targeting the $3 billion adult "almost-pumpers" diabetes market, today announced the exercise of certain existing warrants issued in May 2023 and March 2025 (the "Existing Warrants") at a reduced exercise price of $0.68 per share. The shares of common stock issuable upon exercise of the Existing Warrants are registered pursuant to effective registration statements on Form S-1 (file no. 333-271413), as amended, and Form S-3... More