{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-073013","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-06-11T21:17:34+00:00","discovered_at":"2026-06-11T21:20:00.309867+00:00","generated_at":"2026-06-11T21:20:39.485473+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"IIPR prices upsized $350M exchangeable notes; repays $282M senior notes due 2026","bullets":["Priced $350M aggregate principal 6% exchangeable senior notes due 2029, upsized from $250M; initial exchange price ~$69.39.","Initial purchasers granted 13-day option for additional $52.5M; total aggregate principal amount $402.5M if fully exercised.","Intends to use up to $80.5M of net proceeds to repurchase common stock from note purchasers in private transactions.","On May 26, 2026, fully repaid $282M of 5.50% Senior Notes due 2026.","From Apr 1 to Jun 1, 2026, sold 680,842 common shares for ~$34.8M and 948,034 preferred shares for ~$20.9M under ATM program."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-073013","json":"https://secwatch.observer/filing/0001104659-26-073013.json","markdown":"https://secwatch.observer/filing/0001104659-26-073013.md","text":"https://secwatch.observer/filing/0001104659-26-073013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926073013/0001104659-26-073013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926073013/tm2617694d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T21:20:39.485473+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}