8-K
filed February 17, 2026, 6:59 PM ET
ticker MDRR
CIK 0001654595
other material
confidence high
sentiment negative
materiality 0.80
Medalist Diversified, Inc. (MDRR): M&A transaction — Medalist Diversified REIT terminates REIT election, sells Greenbrier for $11M, reduces loan payments
Medalist Diversified, Inc.
- Terminates REIT election effective Jan 1, 2026; name changes to Medalist Diversified, Inc. on March 2.
- Sells Greenbrier Business Center for $11M; uses $7M to repay Wells Fargo facility debt.
- Credit agreement amended: monthly payment cut to $30,000 from $103,348; $1.5M liquidity requirement removed.
- Pro forma net loss for nine months ended Sep 30, 2025: $(2.1M) or $(1.62) per share vs historical $(1.92M) or $(1.47).
- Company released as guarantor on term loan; operating partnership assumes guaranty.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Medalist Diversified, Inc. amended term loan of not changed; monthly payment reduced from $103,348 to $30,000 with Well Fargo Bank, National Association at not disclosed maturing not disclosed.
- Instrument
- term loan
- Principal
- not changed; monthly payment reduced from $103,348 to $30,000
- Counterparty
- Well Fargo Bank, National Association
- Rate
- not disclosed
- Maturity
- not disclosed
- Event
- amendment
Exact text from the filing
On February 13, 2026, in connection with the disposition of the Greenbrier Business Center Property (as defined and described below), the Borrower, the Company and the Lender entered into the Fourth Amendment to the Credit Agreement (the “Credit Agreement Amendment), the Second Amended and Restated Term Note (the “Amended Term Note”), the Release of Guarantor (the “Release of Guarantor) and the Operating Partnership entered into the Continuing Guaranty (the “Guaranty” and together with the Credit Agreement Amendment, the Amended and Term Note and the Release of Guarantor, the “Amended Documents”).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Medalist Diversified, Inc. issued common stock.
- Security
- common stock
Exact text from the filing
On February 12, 2026, the Company’s board of directors (the “Board”) authorized termination of the Company’s REIT election which when terminated will be effective January 1, 2026. The restrictions on ownership and transfer of Shares (as defined the in the Company’s Articles of Incorporation) set forth in Article VI of the Company’s Articles of Incorporation, including, without limitation, the “Aggregate Share Ownership Limit,” as defined therein, no longer apply.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Medalist Diversified, Inc.: Removed REIT ownership restrictions by filing a Certificate of Notice reflecting Board's determination to terminate REIT election (effective 2026-01-01).
- Change
- charter amendment
- Effective
- 2026-01-01
Exact text from the filing
On February 12, 2026, the Company’s board of directors (the “Board”) authorized termination of the Company’s REIT election which when terminated will be effective January 1, 2026. The restrictions on ownership and transfer of Shares (as defined the in the Company’s Articles of Incorporation) set forth in Article VI of the Company’s Articles of Incorporation, including, without limitation, the “Aggregate Share Ownership Limit,” as defined therein, no longer apply.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Medalist Diversified, Inc.: Amended Articles of Incorporation to change corporate name from 'Medalist Diversified REIT, Inc.' to 'Medalist Diversified, Inc.' (effective 2026-03-02).
- Change
- charter amendment
- Effective
- 2026-03-02
Exact text from the filing
On February 17, 2026, the Company amended its Articles of Incorporation and Bylaws solely to change the corporate name from “Medalist Diversified REIT, Inc.” to “Medalist Diversified, Inc.” effective March 2, 2026.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Medalist Diversified, Inc. completed a disposition involving CLM Acquisitions, LLC for $11,000,000 (closed 2026-02-13).
- Action
- disposition
- Counterparty
- CLM Acquisitions, LLC
- Consideration
- $11,000,000
- Closing
- 2026-02-13
Exact text from the filing
On February 13, 2026, 2025, the Company closed on the sale of the Greenbrier Business Center Property (the “Disposition”). The total sales price of the Greenbrier Business Center Property was $11,000,000.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Medalist Diversified, Inc. amended Fourth Amendment to the Credit Agreement with Well Fargo Bank, National Association (effective 2026-02-13).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Well Fargo Bank, National Association
- Effective
- 2026-02-13
Exact text from the filing
(the “Company”) entered into a Credit Agreement, dated as of June 13, 2022 (the “Credit Agreement”), with Well Fargo Bank, National Association (the “Lender”), for a term loan (the “Term Loan”).
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.