MODIV INDUSTRIAL, INC. (MDV) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
MDV currently has 10.3M outstanding shares. with significant dilution risk as 16.2M authorized shares could dilute existing holders by 157.4%. The company has diluted shareholders by 11.23% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 08, 2026 |
10-Q filing | 10.3M shares outstanding |
10M | 16M |
| Mar 25, 2026 |
10-K filing | 10.1M shares outstanding |
10M | 16M |
| Nov 14, 2025 |
10-Q filing | 10.2M shares outstanding |
10M | 16M |
| May 30, 2025 |
S-3 filing: The company is filing an S-3 to offer Class C common stock and preferred stock, among other securities, for an aggregate public offering price that will not exceed $250,000,000. |
10M | 17M |
| May 07, 2025 |
10-Q filing | 10.0M shares outstanding |
10M | 0 |
| Mar 04, 2025 |
10-K filing | 9.3M shares outstanding |
9.3M | 0 |
| Nov 06, 2024 |
10-Q filing | 9.4M shares outstanding |
9.4M | 0 |
| Aug 06, 2024 |
10-Q filing | 9.4M shares outstanding |
9.4M | 0 |
| May 03, 2024 |
10-Q filing | 8.6M shares outstanding |
8.6M | 600K |
| Mar 12, 2024 |
POS AM filing: This is a POS AM filing for a Distribution Reinvestment Plan related to Class C Common Stock, authorizing 50,000,000 shares for issuance under the DRP. The purchase price for shares issued directly by the company will be 97% of the Market Price of our Class C common stock. The purchase price for Class C common stock that we or any third-party administrator purchases from parties other than us, either in the open market or in privately negotiated transactions, will be 100% of the average price per share actually paid for such shares, excluding any processing fees. |
9.2M | 0 |
| Mar 07, 2024 |
10-K filing | 9.2M shares outstanding |
9.2M | 0 |
| Nov 13, 2023 |
10-Q filing | 7.5M shares outstanding |
7.5M | 0 |
| Aug 14, 2023 |
10-Q filing | 7.5M shares outstanding |
7.5M | 11M |
| May 16, 2023 |
10-Q filing | 7.5M shares outstanding |
7.5M | 11M |
| Mar 13, 2023 |
10-K filing | 7.5M shares outstanding |
7.5M | 11M |
| Nov 14, 2022 |
10-Q filing | 7.4M shares outstanding |
7.4M | 12M |
| Aug 11, 2022 |
10-Q filing | 7.5M shares outstanding |
7.5M | 11M |
| May 16, 2022 |
10-Q filing | 7.5M shares outstanding |
7.5M | 11M |
| Mar 30, 2022 |
S-3 filing: The filing is an S-3 shelf registration for the potential offering of Class C common stock, preferred stock, and other securities, with an aggregate offering price not to exceed $200,000,000. |
7.5M | 11M |
| Mar 23, 2022 |
10-K filing | 7.5M shares outstanding |
7.5M | 0 |
| Feb 15, 2022 |
8-K filing: Modiv Inc. closed its underwritten public offering of 40,000 shares of Class C common stock at $25.00 per share on February 15, 2022, and amended its Distribution Reinvestment Plan to reflect the stock's listing on the New York Stock Exchange. ($1.0M proceeds) |
7.5M | 0 |
| Nov 15, 2021 |
10-Q filing | 7.5M shares outstanding |
7.5M | 0 |
| Sep 17, 2021 |
8-K filing: Modiv Inc. completed a public offering of 2,000,000 shares of 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock at $25.00 per share, resulting in net proceeds of approximately $47.7 million, which will be contributed to Modiv Operating Partnership, LP for general corporate purposes. ($50.0M proceeds) |
7.6M | 0 |
| Aug 13, 2021 |
10-Q filing | 7.6M shares outstanding |
7.6M | 0 |
| May 17, 2021 |
10-Q filing | 7.7M shares outstanding |
7.7M | 0 |
| Mar 31, 2021 |
10-K filing | 7.7M shares outstanding |
7.7M | 0 |
| Mar 24, 2021 |
8-K filing: Modiv Acquisition Corp. announced the launch of its initial public offering of 10,000,000 Units. |
8M | 0 |
| Feb 04, 2021 |
POS AM filing: Deregistration of unsold Class C shares after termination of offering. |
8M | 0 |
| Feb 01, 2021 |
Stock Split
8-K filing: Stock split 1:3 reverse stock split | Outstanding: 23,890,719 → 7,962,776 |
8M | 0 |
| Jan 28, 2021 |
POS AM filing: Modiv Inc. terminated the offering of shares pursuant to the Registration Statement effective as of the close of business on January 27, 2021, and hereby deregisters the remaining $600,700,672 of unsold Class C Shares. |
24M | 0 |
| Nov 13, 2020 |
10-Q filing | 23.9M shares outstanding |
24M | 0 |
| Aug 14, 2020 |
10-Q filing | 0.2M shares outstanding |
190K | 0 |
| Jun 24, 2020 |
10-Q filing | 0.2M shares outstanding |
190K | 0 |
| Apr 06, 2020 |
10-K filing | 0.2M shares outstanding |
190K | 0 |