---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-054379"
form_type: "8-K"
ticker: "GNL"
cik: "0001526113"
company_name: "Global Net Lease, Inc."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-14T23:53:16.672272+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GNL to acquire Modiv Industrial in stock-for-stock merger; Modiv shareholders get 1.975 GNL shares per common share

## Summary
- Each share of Modiv common stock to be converted into 1.975 shares of GNL common stock.
- Modiv preferred stock holders to receive $25.00 per share in cash plus accrued dividends.
- Termination fee: $10M if Modiv accepts superior proposal; $15M for material breach by either party.
- GNL expects to issue ~4.9 million OP Units to Modiv operating partnership unitholders in connection with merger.
- Merger closing conditions include Modiv stockholder vote, regulatory approvals; outside date February 3, 2027.

## SEC filing metadata
- accession: 0001104659-26-054379
- form_type: 8-K
- ticker: GNL
- cik: 0001526113
- company_name: Global Net Lease, Inc.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526113/000110465926054379/0001104659-26-054379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526113/000110465926054379/tm2613446d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-054379
- JSON: https://secwatch.observer/filing/0001104659-26-054379.json
- Plain text: https://secwatch.observer/filing/0001104659-26-054379.txt

## Key facts
- Material Agreements
  Global Net Lease, Inc. entered into Agreement and Plan of Merger with Modiv Industrial, Inc. and Modiv Operating Partnership, LP (effective 2026-05-03).
  - Action: entry
  - Agreement: merger
  - Counterparty: Modiv Industrial, Inc. and Modiv Operating Partnership, LP
  - Effective: 2026-05-03
  source text: On May 3, 2026, Global Net Lease, Inc. (“ GNL ”), together with its direct and indirect subsidiaries, GNL Motion Merger Sub, LLC (“ REIT Merger Sub ”), Global Net Lease Operating Partnership, L.P. (the “ Operating Partnership ”) and GNL Motion OpCo Merger Sub, LLC (“ Opco Merger Sub ” and, together with GNL, REIT Merger Sub and the Operating Partnership, the “ GNL Parties ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Modiv Industrial, Inc. (the “ Modiv ”) and Modiv Operating Partnership, LP (the “ Modiv Operating Partnership ” and, together with Modiv, the “ Modiv Parties ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1526113/000110465926054379/0001104659-26-054379-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.