---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-094865"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2026-08-12T20:05:56+00:00"
generated_at: "2026-08-12T20:07:27.363793+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Modiv Industrial completes merger with Global Net Lease; shares converted at 1.975 GNL per share

## Summary
- Modiv common stock converted at 1.975 GNL shares per share; preferred stock converted to $25 cash plus accrued dividends.
- Modiv common and preferred stock suspended from NYSE on Aug 12, 2026; Form 25 and Form 15 filings planned for deregistration.
- Modiv ceased separate existence; REIT Merger Sub (GNL subsidiary) is surviving entity; change of control to GNL.
- All Modiv directors resigned; officers Halfacre, Raney, Pacini left; REIT Merger Sub officers assumed roles.
- Modiv OP credit facility with KeyBank repaid in full and terminated as of closing.

## SEC filing metadata
- accession: 0001104659-26-094865
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2026-08-12T20:05:56+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645873/000110465926094865/0001104659-26-094865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000110465926094865/tm2622928d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-094865
- JSON: https://secwatch.observer/filing/0001104659-26-094865.json
- Plain text: https://secwatch.observer/filing/0001104659-26-094865.txt

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