Earnings summaries and quarterly performance for Modular Medical.
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Modular Medical, Inc. Announces Inducement Offer for Warrant Exercises
MODD
- Modular Medical, Inc. (MODD) entered into inducement offer agreements on September 22, 2025, to encourage the exercise of existing warrants.
- Holders of 1,519,200 2023 Warrants and 3,975,428 2025 Warrants agreed to exercise them at a reduced price of $0.68 per share.
- The company expects to receive approximately $3.7 million in gross proceeds from these exercises.
- In consideration, MODD will issue new warrants to purchase approximately 2,747,314 shares at an exercise price of $0.84 per share, with a term of exercise of 5 years from the date of issuance.
- The transaction is expected to close on or about September 25, 2025.
Sep 23, 2025, 12:30 PM
Quarterly earnings call transcripts for Modular Medical.
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