{"filing":{"accession_number":"0001104659-26-073013","cik":"0001677576","ticker":"IIPR-PA","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","form":"8-K","filing_date":"2026-06-11","report_date":null,"primary_document":"tm2617694d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926073013/tm2617694d1_8k.htm"},"events":[{"id":5306,"run_id":4650,"accession_number":"0001104659-26-073013","anchor_item_number":"8.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"summary":"Innovative Industrial Properties announced a $402.5 million private offering of exchangeable senior notes due 2029 with an initial exchange rate of 14.4113 shares per $1,000 principal amount, along with concurrent ATM offerings of 680,842 common shares and 948,034 preferred shares, creating material dilution to existing shareholders.","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","ticker":"IIPR-PA","filing_date":"2026-06-11","form":"8-K","submitted_at":null,"items":[{"id":6437,"accession_number":"0001104659-26-073013","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses commencement and pricing of an \"Offering\" via press releases on June 9-10, 2026, with exhibits attached. While the Item 7.01 disclosure itself does not specify the security type or terms, the context of an offering announcement by a REIT (Innovative Industrial Properties) combined with the materiality of capital raises to investors strongly suggests a dilutive equity or convertible issuance. The confidence is moderate (0.75) because the specific nature of the offering is not detailed in the Item 7.01 text itself, though the exhibits likely contain those details.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T21:18:08.910018+00:00","company_name":"","ticker":null,"filing_date":""},{"id":6438,"accession_number":"0001104659-26-073013","item_number":"8.01","item_title":"Other Events.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses a $402.5 million private offering of exchangeable senior notes due 2029 with an initial exchange rate of 14.4113 shares per $1,000 principal amount, creating potential dilution to existing shareholders. While the notes are exchangeable (not direct equity), the substantial size of the offering and the explicit exchange mechanics into common stock, combined with concurrent ATM offerings of 680,842 common shares and 948,034 preferred shares, constitute material dilutive issuances that would affect investor assessment of ownership and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T21:18:08.910018+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":6437,"accession_number":"0001104659-26-073013","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses commencement and pricing of an \"Offering\" via press releases on June 9-10, 2026, with exhibits attached. While the Item 7.01 disclosure itself does not specify the security type or terms, the context of an offering announcement by a REIT (Innovative Industrial Properties) combined with the materiality of capital raises to investors strongly suggests a dilutive equity or convertible issuance. The confidence is moderate (0.75) because the specific nature of the offering is not detailed in the Item 7.01 text itself, though the exhibits likely contain those details.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T21:18:08.910018+00:00","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","ticker":"IIPR-PA","filing_date":"2026-06-11"},{"id":6438,"accession_number":"0001104659-26-073013","item_number":"8.01","item_title":"Other Events.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses a $402.5 million private offering of exchangeable senior notes due 2029 with an initial exchange rate of 14.4113 shares per $1,000 principal amount, creating potential dilution to existing shareholders. While the notes are exchangeable (not direct equity), the substantial size of the offering and the explicit exchange mechanics into common stock, combined with concurrent ATM offerings of 680,842 common shares and 948,034 preferred shares, constitute material dilutive issuances that would affect investor assessment of ownership and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T21:18:08.910018+00:00","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","ticker":"IIPR-PA","filing_date":"2026-06-11"}]}