{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-115864","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-10-14T20:46:55+00:00","discovered_at":"2026-10-14T20:48:00.783574+00:00","generated_at":"2026-10-14T20:48:04.672092+00:00","sec_items":["1.01","3.03","5.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"IIPR prices $50M offering of 9.25% Series B preferred at $25.00 per share","bullets":["2,000,000 shares of 9.25% Series B Cumulative Redeemable Preferred priced at $25.00; 30-day option for 300,000 additional shares.","Net proceeds expected ~$48.4M after underwriting discount; offering expected to close on or about October 19, 2026.","Articles Supplementary filed with Maryland on October 13, 2026 designated 2,300,000 authorized preferred shares as Series B; $25.00 liquidation preference.","Stifel, Nicolaus & Company, Incorporated acts as representative of the underwriters under an October 8, 2026 underwriting agreement.","If Series B distributions go undeclared, IIPR's ability to pay distributions on or redeem junior/parity stock is restricted."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-115864","json":"https://secwatch.observer/filing/0001104659-26-115864.json","markdown":"https://secwatch.observer/filing/0001104659-26-115864.md","text":"https://secwatch.observer/filing/0001104659-26-115864.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926115864/0001104659-26-115864-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926115864/tm2627350d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-14T20:48:04.672092+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"}