Modular Medical shares rise 11.94% intraday after announcing $4.68 million public offering.
ByAinvest
Thursday, Dec 11, 2025 10:31 am ET1min read
MODD--
Modular Medical surged 11.94% intraday after announcing a $4.68 million public offering of 12.17 million shares and warrants. The offering, priced at $0.77 per combined share-warrant pair (effective $0.38 per share), aims to fund operations, working capital, and capital expenditures. The transaction, set to close on December 11, 2025, includes a 15% over-allotment option for the underwriter. The news reflects the company’s strategy to advance its insulin delivery technology, potentially enhancing investor confidence in its growth prospects.
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