Innovative Industrial Properties Inc. (IIPR) Prices 2.68M Shares at $83.35
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Innovative Industrial Properties Upsizes and Prices Public Offering of Common Stock
June 30, 2020 6:45 AM EDTSAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. (the Company) (NYSE: IIPR) announced today the upsize and pricing of an underwritten public offering of 2,683,363 shares of its common stock at $83.85 per share for gross proceeds of approximately $225.0 million. The offering is expected to close on or about July 2, 2020, subject to customary closing conditions. The Company has also granted the underwriters a 30-day option to purchase up to an additional 402,504 shares of its common stock. All of the shares are being sold by the Company.
The Company intends to use the net proceeds... More
