INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) Form 8-K — Oct 14, 2026
$IIPRForm 8-KItems 1.01, 3.03, 5.03, 9.01Filed Oct 14, 2026, 4:46 PM ET0001104659-26-115864Original filing
Innovative Industrial Properties (IIPR) entered into an underwriting agreement with Stifel Nicolaus on October 8, 2026 to sell 2,000,000 shares of new 9.25% Series B Cumulative Redeemable Preferred Stock at $25.00 per share, with a 30-day option for up to 300,000 additional shares. The offering is expected to close on or about October 19, 2026, with expected net proceeds of approximately $48.4 million after underwriting discounts, raised off the company's Form S-3 shelf (File No. 333-285148).
Key figures
- Gross Proceeds
- approximately $50.0 million (2,000,000 shares at $25.00 public offering price)
- Offering Price
- 25
- Shares Offered
- 2000000
- Lockup Days
- 30
- Dividend Rate
- 9.25%
- Expected Closing
- October 19, 2026
- Over Allotment Shares
- 300000
- Liquidation Preference
- $25.00 per share
- Underwriter Purchase Price
- $24.2125 per share
AI analysis
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