IIPR doubles authorized common to 100M shares, lifting total authorized stock to 175M

INNOVATIVE INDUSTRIAL PROPERTIES INC

Board-authorized Articles of Amendment filed with Maryland SDAT raise total authorized shares from 100,000,000 to 175,000,000, effective 12:01 a.m. ET September 25, 2026.
Authorized common stock (par $0.001) rises from 50,000,000 to 100,000,000 shares; authorized preferred stock rises from 50,000,000 to 75,000,000 shares.
Charter gives the board authority to increase authorized share counts without shareholder approval.
No specific use of the additional shares was disclosed; CFO David Smith signed the report dated September 25, 2026.

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