Modular Medical raises ~$12.5M in private placement; funds MODD1 tubeless FDA submission

Modular Medical, Inc.

6,247,656 Units at $1.92/Unit; each Unit = 2 common shares + 1 warrant (exercise $1.12, 4-yr term).
Concurrent direct placement of 260,417 Units for ~$0.5M to foreign investor under Regulation S.
Proceeds for general corporate, supply-chain, MODD1 tubeless FDA submission (target Q3 2025), CE mark.
Officers/directors purchased 374,478 Units; lock-up 60 days; no Variable Rate Transactions for 1 year.
Placement agent Newbridge receives 7.25% fee, $50k expenses, and 874,672 warrants at $1.40.

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