MDV shares will cease trading on August 24, 2026. Common stock holders should expect to receive Global Net Lease (GNL) shares in the conversion ratio; preferred holders will receive a cash payout. Monitor GNL for post-merger performance and any subsequent trading opportunities.
Price Chart
Executive Summary
Modiv Industrial, Inc. (MDV) is being delisted from the NYSE following the completion of its merger with Global Net Lease, Inc., effective August 12, 2026. Class C Common Stock was converted into 1.975 shares of Global Net Lease common stock, and the 7.375% Series A Preferred Stock was converted into $25.00 cash plus accrued dividends. This is a terminal event for MDV as a standalone public entity, with trading suspended immediately.
Key Facts
- Modiv Industrial, Inc. merged with Global Net Lease, Inc., effective August 12, 2026.
- Each share of Class C Common Stock converted into 1.975 shares of Global Net Lease common stock.
- Each share of 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock converted into $25.00 cash plus accrued dividends.
- NYSE filed Form 25-NSE to remove MDV securities from listing and registration.
- Trading in MDV securities was suspended on August 12, 2026, with delisting effective August 24, 2026.
Financial Impact
Common stock holders receive 1.975 shares of Global Net Lease per MDV share; preferred stock holders receive $25.00 cash plus accrued dividends per share.
Risk Factors
- Post-merger integration risk for Global Net Lease.
- Potential tax implications from the conversion for MDV shareholders.
- Liquidity risk for holders of the now-delisted MDV securities.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000679 |
| Document: 0000876661-26-000679-index.html | 0000876661-26-000679 |
| Document: 0000876661-26-000679.txt | 0000876661-26-000679 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers