Modular Medical (MODD) has released an update.
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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.