other
confidence high
sentiment neutral
materiality 0.30
IIPR adds Stifel and A.G.P. as sales agents for its ATM equity offering program
INNOVATIVE INDUSTRIAL PROPERTIES INC
- Entered additional equity distribution agreements with Stifel and A.G.P. as new sales agents/forward sellers.
- Terms are substantially the same as existing agreements with BTIG, Jefferies, Piper Sandler, and Roth Capital.
- Approximately $479.8 million of the $500 million aggregate offering remains available under the ATM program.
- Shares may be sold under the existing shelf registration statement (S-3) effective February 2025.