{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-005522","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2023-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.104478+00:00","generated_at":"2026-06-20T11:50:44.011551+00:00","sec_items":["1.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"IIPR Terminates Prior ATM Agreements, Enters $500M New ATM Program","bullets":["Terminated prior ATM agreements with BTIG, Roth Capital, Compass Point, Ladenburg Thalmann, and Piper Sandler effective Jan 24, 2023.","Entered new equity distribution agreements with BTIG, Jefferies, Roth Capital, and Piper Sandler for up to $500M in common stock.","New program allows sales via NYSE, block trades, or other at-the-market methods; commission up to 2% of gross proceeds.","Prior ATM program had no remaining capacity? No details; new program is under existing shelf registration statement."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-005522","json":"https://secwatch.observer/filing/0001104659-23-005522.json","markdown":"https://secwatch.observer/filing/0001104659-23-005522.md","text":"https://secwatch.observer/filing/0001104659-23-005522.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923005522/0001104659-23-005522-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923005522/tm233923d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T11:50:44.011551+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a8a0d78baef648977cb9bd061bfd114b4d0c74a2","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC terminated Prior Sales Agreements with BTIG, LLC, Roth Capital Partners, LLC, Compass Point Research & Trading, LLC, Ladenburg Thalmann & Co. Inc. and Piper Sandler & Co. (effective 2023-01-19).","evidence_excerpt":"On January 19, 2023, Innovative Industrial Properties, Inc. (the “Company”) notified each of BTIG, LLC, Roth Capital Partners, LLC, Compass Point Research & Trading, LLC, Ladenburg Thalmann & Co. Inc. and Piper Sandler & Co. of its election to terminate each of the At-the-Market Sales Agreements, dated November 6, 2020, by and among the Company, IIP Operating Partnership, LP, a Delaware limited partnership (the “Operating Partnership”) and each of BTIG, LLC, Roth Capital Partners, LLC, Compass Point Research & Trading, LLC, Ladenburg Thalmann & Co. Inc. and Piper Sandler & Co. (together, the “Prior Sales Agreements”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923005522/0001104659-23-005522-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"BTIG, LLC, Roth Capital Partners, LLC, Compass Point Research & Trading, LLC, Ladenburg Thalmann & Co. Inc. and Piper Sandler & Co."},{"label":"Effective","value":"2023-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}