Modular Medical Announces Pricing of $4.68 Million Public Offering

Core Points - Modular Medical, Inc. has announced a public offering of 12,173,000 shares of common stock along with warrants to purchase an additional 6,086,500 shares [1] - The offering price is set at $0.77 for two shares of common stock and one accompanying warrant, resulting in an effective price of $0.38 per share and $0.01 per warrant [1] Company Overview - Modular Medical specializes in insulin delivery technology and has developed the first FDA-cleared patch pump aimed at adult "almost-pumpers" [1] - The company's product is designed to be user-friendly and affordable, targeting a specific segment of the diabetes management market [1]