Modular Medical, Inc. (NASDAQ: MODD), a medical device company, announced the pricing of a registered direct offering providing for aggregate gross proceeds of approximately $3.4 million, before placement agent fees and offering expenses, subject to customary closing conditions.
The offering consists of 750,000 shares of common stock priced at $4.50 per share. The offering is expected to close on or about April 21, 2026, subject to customary closing conditions.
The securities are being offered pursuant to an effective shelf registration statement on Form S-3 previously filed with and declared effective by the U.S. Securities and Exchange Commission. A prospectus supplement relating to the offering will be filed with the SEC.
Net proceeds from the offering are expected to be used for general corporate purposes.
Maxim Group LLC is acting as the sole placement agent for the offering.
