Modular Medical Announces $4.4 Million Raised Through Warrant Exercise and Private Placement of New Warrants

Reuters

09/29

Modular Medical Announces $4.4 Million Raised Through Warrant Exercise and Private Placement of New Warrants

Modular Medical Inc. $(MODD)$, a provider of innovative insulin delivery technology, has announced the exercise of certain warrants issued in May 2023 and March 2025, generating approximately $4.4 million in gross proceeds. In connection with the immediate cash exercise of 6,504,731 existing warrants at a reduced price of $0.68 per share, the company will issue new unregistered warrants to purchase up to 3,252,366 shares of common stock at an exercise price of $0.84 per share. These new warrants are exercisable immediately and have a five-year term. The proceeds will be used for working capital and general corporate purposes. Further details are available in the company's recent SEC filings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modular Medical Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1079139) on September 29, 2025, and is solely responsible for the information contained therein.

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In connection with the immediate cash exercise of 6,504,731 existing warrants at a reduced price of $0.68 per share, the company will issue new unregistered warrants to purchase up to 3,252,366 shares of common stock at an exercise price of $0.84 per share. These new warrants are exercisable immediately and have a five-year term. The proceeds will be used for working capital and general corporate purposes. Further details are available in the company's recent SEC filings.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modular Medical Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1079139) on September 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MODD","symbol_name":"Modular Medical, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250929:nNDL94lfyJ:1","article_id":"2571433812","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2571433812","pubTimestamp":1759147258,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Modular Medical Inc. , a provider of innovative insulin delivery technology, has announced the exercise of certain warrants issued in May 2023 and March 2025, generating approximately $4.4 million in gross proceeds. In connection with the immediate cash exercise of 6,504,731 existing warrants at a reduced price of $0.68 per share, the company will issue new unregistered warrants to purchase up to 3,252,366 shares of common stock at an exercise price of $0.84 per share. These new warrants are exercisable immediately and have a five-year term. The proceeds will be used for working capital and general corporate purposes. Further details are available in the company's recent SEC filings.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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These new warrants are exercisable immediately and have a five-year term. The proceeds will be used for working capital and general corporate purposes. Further details are available in the company's recent SEC filings.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modular Medical Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. 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