QualityStocksNewsBreaks – Modular Medical Inc. (NASDAQ: MODD) Announces Pricing of $8.2M Public Offering
Modular Medical (NASDAQ: MODD) is an insulin delivery technology company with the first FDA-cleared patch pump designed specifically to target all adult "almost-pumpers" with its user-friendly and affordable design. The company recently announced its pricing of an underwritten public offering of 5,450,573 shares of its common stock. The offering was led by existing institutional investors, including the company’s largest shareholder, Manchester Explorer, L.P., and is managed by Jeb Besser, Modular Medical's CEO. Gross proceeds to the company are expected at approximately $8.2 million, with shares of common stock each being sold at a price to the public of $1.50. Titan…
