Modular Medical priced a registered direct offering of 750,000 shares at $4.50 per share, implying gross proceeds of about $3.4 million. The transaction adds capital for the development-stage medical device company but is routine financing news rather than an operational catalyst. The announcement is likely to have limited near-term market impact.
Modular Medical priced a registered direct offering of 750,000 shares at $4.50 per share, implying gross proceeds of about $3.4 million. The transaction adds capital for the development-stage medical device company but is routine financing news rather than an operational catalyst. The announcement is likely to have limited near-term market impact.
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neutral
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0.12
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