Modular Medical Announces $12.0 Million Public Offering Priced at a Premium to Market

Core Viewpoint - Modular Medical, Inc. has announced a public offering of 68,098,000 shares of its common stock and warrants, targeting adult "almost-pumpers" with its FDA-cleared insulin delivery technology [1] Group 1: Company Overview - Modular Medical specializes in insulin delivery technology and has developed the first FDA-cleared patch pump designed for adult users [1] - The company aims to provide a user-friendly and affordable solution for insulin delivery [1] Group 2: Public Offering Details - The public offering includes 68,098,000 shares of common stock and warrants to purchase an equal number of shares at a combined price of $0.1762 per share [1] - The warrants will have an exercise price of $0.1762 per share, are immediately exercisable, and will expire five years from the issuance date [1]