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Stock impact report

Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the full exercise of the underwriters’ option to purchase an additional 402,504 shares of common stock in connection with the Company’s previously announced follow-on offering that priced on June 29, 2020. In total, the Company sold 3,085,867 shares of common stock in the offering, raising gross offering proceeds of approximately $258.7 million.BTIG, LLC is acting as sole book-running manager for the offering; Roth Capital Partners, Compass Point Research & Trading, LLC and Ladenburg Thalmann & Co. Inc. are acting as co-lead managers for the offering.The offering of the Company’s common stock is being made only by means of a prospectus supplement and the accompanying prospectus. Copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting BTIG, LLC at 65 East 55th Street, New York, NY 10022, or by email at equitycapitalmarkets@b Show less Read more
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