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-0.00248587570621468 -0.00372881355932201 -0.0169491525423729 0.0169491525423729 -0.0225988700564972 -0.0112994350282486 -0.00632768361581923 -0.00677966101694909
Stock impact report

Innovative Industrial Properties Announces Public Offering of 1,800,000 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 that it has commenced a public offering of 1,800,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 270,000 shares of its common stock. All of the shares are being sold by the Company.The Company intends to use the net proceeds from this offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.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., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), are acting as co-lead managers for the offering.The offering of the Company’s common stock will be made o Show less Read more
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