Modiv Industrial Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Real Estate Investment Trusts
Real Estate
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 4, 2025
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Item 8.01. | Other Events. | |||||||
On March 4, 2025, Modiv Industrial, Inc. (the “Company”) and Modiv Operating Partnership, LP (the “Operating Partnership”) entered into Amendment No. 1 (the “Amendment”) to the Amended and Restated At Market Issuance Sales Agreement, dated November 13, 2023 (the “Sales Agreement”), pursuant to which the Company may offer and sell, from time to time through the agents, shares of its Class C common stock, $0.001 par value per share, having an aggregate offering price of up to $50.0 million (the “ATM Shares”). The purpose of the Amendment was, among other things, to update the definition of “Agents” under the Sales Agreement. As of the date of the Amendment, ATM Shares having an aggregate gross sales price of up to approximately $40.3 million remain available for issuance under the Sales Agreement.
A copy of the Amendment is filed as Exhibit 1.1 to this Current Report on Form 8-K. The description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the copy of the Amendment filed as an exhibit to this Current Report on Form 8-K and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. | |||||||
(d) Exhibits
| Exhibit No. | Description | ||||
| 1.1 | |||||
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MODIV INDUSTRIAL, INC. (Registrant) | |||||||||||
| By: | /s/ RAYMOND J. PACINI | ||||||||||
| Name: | Raymond J. Pacini | ||||||||||
| Title: | Chief Financial Officer | ||||||||||
Date: March 4, 2025