---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-065183"
form_type: "8-K"
ticker: "IIPR"
cik: "0001677576"
company_name: "INNOVATIVE INDUSTRIAL PROPERTIES INC"
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:45:22.362504+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IIPR increases authorized Series A Preferred by 22.66M shares, enters $500M ATM equity facility

## Summary
- Filed Articles Supplementary designating 22,660,000 additional shares of 9.00% Series A Cumulative Redeemable Preferred Stock; total authorized now 23,350,000 shares.
- Terminated prior at-the-market sales agreements with BTIG, Jefferies, Piper Sandler & Co., and Roth Capital, effective May 29, 2024.
- Entered new Equity Distribution Agreements with same agents to offer up to $500,000,000 of common stock and Series A Preferred Stock at-the-market.
- New agreements allow forward sale arrangements for common stock, with agents receiving commissions up to 2.0% of gross proceeds.
- Sales will be made under existing Form S-3 shelf registration and a prospectus supplement dated May 24, 2024.

## SEC filing metadata
- accession: 0001104659-24-065183
- form_type: 8-K
- ticker: IIPR
- cik: 0001677576
- company_name: INNOVATIVE INDUSTRIAL PROPERTIES INC
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677576/000110465924065183/0001104659-24-065183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677576/000110465924065183/tm2415012d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-065183
- JSON: https://secwatch.observer/filing/0001104659-24-065183.json
- Plain text: https://secwatch.observer/filing/0001104659-24-065183.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.