Modiv Industrial enters amended $50M at-the-market equity sales agreement

MODIV INDUSTRIAL, INC.

Amended and restated ATM sales agreement with Baird, Truist, BMO, B. Riley, Janney Montgomery, Colliers.
Company may sell up to $50M of Class C common stock; no shares sold yet under amended agreement.
Amendment primarily revised definition of Agents; $50M remains available for sale.
Offering conducted under existing shelf registration and prospectus supplement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

MODIV INDUSTRIAL, INC. amended Amended and Restated At Market Issuance Sales Agreement with Robert W. Baird & Co. Incorporated, Truist Securities, Inc., BMO Capital Markets Corp., B. Riley Securities, Inc., Janney Montgomery Scott LLC and Colliers Securities LLC valued at $50,000,000 (effective 2023-11-13).

Action: amendment
Agreement: atm program
Counterparty: Robert W. Baird & Co. Incorporated, Truist Securities, Inc., BMO Capital Markets Corp., B. Riley Securities, Inc., Janney Montgomery Scott LLC and Colliers Securities LLC
Value: $50,000,000
Effective: 2023-11-13

Exact text from the filing

On November 13, 2023, Modiv Industrial, Inc. (the “Company”) and Modiv Operating Partnership, LP, the Company’s operating partnership, entered into an Amended and Restated At Market Issuance Sales Agreement (the “A&R Sales Agreement”) with Robert W. Baird & Co. Incorporated, Truist Securities, Inc., BMO Capital Markets Corp., B. Riley Securities, Inc., Janney Montgomery Scott LLC and Colliers Securities LLC (collectively, the “Agents”), which amends and restates the previously announced At Market Issuance Sales Agreement dated June 6, 2022

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Source: SEC EDGAR

accession 0001140361-23-052941

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