Modular Medical (MODD) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Modular Medical, Inc. has doubled its authorized shares from 50 million to 100 million, following shareholder approval during the annual meeting. In addition to re-electing directors and approving other proposals, the company has temporarily halted the offering of common stock under the November 2023 ATM Agreement until a new prospectus is filed. The company’s strategic moves are geared towards strengthening its financial position and potential for growth, signaling key developments for investors to watch.
For further insights into MODD stock, check out TipRanks’ Stock Analysis page.