Modular Medical raises $12M via public offering of 68M shares and warrants

Modular Medical, Inc.

Gross proceeds ~$12M from sale of 68,098,000 shares (or pre-funded warrants) and 68,098,000 warrants at $0.1762/unit.
Warrants exercisable immediately at $0.1762, expire in five years.
Maxim Group LLC acted as sole placement agent; lock-up agreements for directors/officers for 90 days.
Offering closed March 4, 2026; proceeds for general corporate purposes.

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