Innovative Industrial Properties Increases Authorized Stock to 175 Million Shares

Innovative Industrial Properties, Inc. (IIPR) has amended its corporate charter to increase the total number of authorized shares of stock from 100 million to 175 million. The amendment, effective September 25, 2026, was authorized by the company's board of directors without requiring shareholder approval.

Key Details

• Total Authorized Shares: Increased from 100,000,000 to 175,000,000.
• Common Stock: Authorized shares doubled from 50,000,000 to 100,000,000.
• Preferred Stock: Authorized shares increased from 50,000,000 to 75,000,000.
• Effective Date: The amendment was effective as of September 25, 2026.