other
confidence high
sentiment neutral
materiality 0.20
Modiv Industrial amends ATM Sales Agreement; ~$40.3M remains available under $50M program
MODIV INDUSTRIAL, INC.
- Amendment No. 1 dated March 4, 2025 updates definition of 'Agents' in existing ATM Sales Agreement from November 2023.
- Approximately $40.3 million of aggregate gross sales price remains available for future issuance under the program.
- At-the-market offering allows Modiv to sell shares of Class C common stock (MDV) from time to time.
- The amendment is a procedural update; no new capital raise or change in program size disclosed.