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The latest update is out from Modular Medical ( (MODD) ).
Modular Medical, Inc. has entered into inducement offer letter agreements with holders of its 2023 and 2025 warrants, allowing them to exercise their warrants at a reduced price of $0.68 per share, below the Nasdaq Official Closing Price. This strategic move, dated September 22, 2025, is expected to generate approximately $3.7 million in gross proceeds for the company, before expenses. In return, Modular Medical will issue new warrants with a premium exercise price of $0.84 per share. The transaction aims to enhance liquidity and financial flexibility, although the new warrants will not be listed on any securities exchange, limiting their trading market.
The most recent analyst rating on (MODD) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Modular Medical stock, see the MODD Stock Forecast page.
More about Modular Medical
Average Trading Volume: 487,428
Technical Sentiment Signal: Sell
Current Market Cap: $40.18M
For detailed information about MODD stock, go to TipRanks’ Stock Analysis page.