Innovative Industrial Properties, Inc. filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 25, 2026, to announce an amendment to its corporate charter. The filing details an increase in the total number of authorized shares of stock the company is permitted to issue.
According to the report, the company filed Articles of Amendment with the State Department of Assessments and Taxation of Maryland. This action amended the Company’s Second Articles of Amendment and Restatement, known as its Charter. The amendment raised the total number of authorized shares from 100,000,000 to 175,000,000.
The specific breakdown of the authorization increase includes:
- Common Stock: The number of authorized shares of common stock, par value $0.001 per share, was increased from 50,000,000 to 100,000,000.
- Preferred Stock: The number of authorized shares of Series A Preferred Stock, par value $0.001 per share, was increased from 50,000,000 to 75,000,000.
The amendment became effective as of 12:01 a.m. Eastern Time on September 25, 2026. The filing notes that under the Charter, the Company’s board of directors has the authority to increase the number of shares of stock that the Company is authorized to issue without requiring action from the Company’s shareholders.
A copy of the Articles of Amendment is attached to the filing as Exhibit 3.1.
