This filing is a routine post-merger formality with no trading implications. MDV securities have been delisted and converted; no further action is needed for former holders. Monitor GNL (Global Net Lease) for ongoing performance of the combined entity.
Price Chart
Executive Summary
Modiv Industrial, Inc. filed a Form 15-12G to terminate its SEC registration and suspend reporting obligations, effective August 24, 2026. This is a terminal administrative step following the company's merger with Global Net Lease, Inc. on August 12, 2026, where all shares were converted or cashed out. The filing is purely procedural for the now-defunct public entity and has no trading implications for MDV securities, which have already been delisted and converted.
Key Facts
- Modiv Industrial merged into GNL Motion Merger Sub, a subsidiary of Global Net Lease, Inc., on August 12, 2026.
- Class C Common Stock was converted into 1.975 shares of Global Net Lease common stock per the merger.
- 7.375% Series A Preferred Stock was converted into $25.00 cash plus accrued dividends.
- Holders of record for both classes of stock are 0 as of the certification date.
- The Form 15 terminates registration under Section 12(g) and suspends reporting under Sections 13 and 15(d) of the Exchange Act.
- The filing follows a prior 25-NSE delisting notice filed August 12, 2026, confirming complete exit from public markets.
Financial Impact
No financial impact — this is a post-merger administrative filing. The merger consideration (1.975 GNL shares per MDV common share, $25 cash per preferred share) was already distributed.
Risk Factors
- No residual risk for MDV securities — the entity no longer exists as a public company.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 15-12G Filing (Primary) | 0001104659-26-099824 |
| Document: 0001104659-26-099824-index-headers.html | 0001104659-26-099824 |
| Document: 0001104659-26-099824-index.html | 0001104659-26-099824 |
| Document: 0001104659-26-099824.txt | 0001104659-26-099824 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 9w ago | 15-12G | — | awaiting T+20 | — | — |
Aug 19, 2026 9w ago | EFFECT | — | awaiting T+20 | — | — |
Aug 12, 2026 10w ago | 25-NSE | $18.05 | awaiting T+20 | — | — |
Jul 1, 2026 16w ago | Insider Buy | $17.40 $17.71 | ▲ +1.78% | ▲ +3.97% | — |
Jun 24, 2026 17w ago | DEFM14A | $17.62 $17.73 | ▲ +0.62% | ▲ +0.10% | — |
May 4, 2026 25w ago | 8-K / 425 | $24.95 $25.25 | ▲ +1.20% | ▼ −4.44% | — |
Apr 30, 2026 25w ago | 10-K/A | $24.71 $25.25 | ▲ +2.19% | ▼ −3.08% | — |
Mar 19, 2026 31w ago | 8-K | $14.33 $15.98 | ▲ +11.52% | ▲ +3.90% | — |
US Market Status
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