Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock
07 4월 2022 - 5:15AM
Business Wire
Innovative Industrial Properties, Inc. (the “Company”) (NYSE:
IIPR) announced today the full exercise of the underwriters’ option
to purchase an additional 236,842 shares of common stock in
connection with the Company’s previously announced follow-on
offering that priced on April 1, 2022. In total, the Company sold
1,815,790 shares of common stock in the offering, raising gross
offering proceeds of approximately $345.0 million.
BTIG, LLC is acting as sole book-running manager for the
offering. Piper Sandler & Co., Roth Capital Partners and
Compass Point Research & Trading, LLC 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
prospectusdelivery@btig.com; Piper Sandler & Co., 1251 Avenue
of the Americas, 6th Floor, New York, NY 10020, or by email at
prospectus@psc.com; Roth Capital Partners, 888 San Clemente, Suite
400, Newport Beach, CA 92660, or by email at rothecm@roth.com; or
Compass Point Research & Trading, LLC at 1055 Thomas Jefferson
Street, N.W., Suite 303, Washington, DC 20007, or by email at
syndicate@compasspointllc.com.
A registration statement relating to these securities became
effective upon filing with the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the offered securities, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is an internally-managed
real estate investment trust (REIT) focused on the acquisition,
ownership and management of specialized industrial properties
leased to experienced, state-licensed operators for their regulated
cannabis facilities. Innovative Industrial Properties, Inc. has
elected to be taxed as a REIT, commencing with the year ended
December 31, 2017.
This press release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than historical facts, including,
without limitation, statements regarding the offering, are
forward-looking statements. When used in this press release, words
such as the Company “expects,” “intends,” “plans,” “estimates,”
“anticipates,” “believes” or “should” or the negative thereof or
similar terminology are generally intended to identify
forward-looking statements. Such forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed in, or implied by, such
statements. For a discussion of some of the risks and important
factors that could affect such forward-looking statements, see the
sections entitled “Risk Factors” in the prospectus supplement and
the prospectus related to the offering and in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2021
incorporated by reference in the prospectus supplement and
prospectus related to the offering. Investors should not place
undue reliance upon forward-looking statements. The Company
disclaims any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220406005938/en/
Catherine Hastings Chief Financial Officer Innovative Industrial
Properties, Inc. (858) 997-3332
Innovative Industrial Pr... (NYSE:IIPR)
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