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home / news releases / MODD - Modular Medical raises $15M in uplisting offering shares open below offer price

MODD - Modular Medical raises $15M in uplisting offering shares open below offer price

Modular Medical Inc.
Insulin pump developer Modular Medical (NASDAQ:MODD) raised $15M but saw its shares open below its offering price after uplisting its stock to the Nasdaq from the OTC market on Friday. Shares of Modular Medical opened at $5.80 per share after pricing at $6. The shares last changed hands at $4.37 at approximately 11:30 a.m. ET after hitting a high of $6.05. The medical device company offered 2.5M units priced at $6 per unit. Each unit consisted of one share plus one warrant to buy one share at $6.60 per share. For more IPO News, check out SA’s IPO News page.

For further details see:

Modular Medical raises $15M in uplisting offering, shares open below offer price
Stock Information
Company Name: Modular Medical Inc.
Stock Symbol: MODD
Market: OTC
Website: modular-medical.com
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