Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Upon authorization of its board of directors, Innovative Industrial Properties, Inc. (the “Company”) filed Articles of Amendment (the “Articles of Amendment”) with the State Department of Assessments and Taxation of Maryland to amend the Company’s Second Articles of Amendment and Restatement (the “Charter”) to inc…
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities and financial investments in the life science industry. Additional information is available at www.innovativeindustrialproperties.com.
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Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Upon
authorization of its board of directors, Innovative Industrial Properties, Inc. (the “Company”) filed Articles of Amendment
(the “Articles of Amendment”) with the State Department of Assessments and Taxation of Maryland to amend the Company’s
Second Articles of Amendment and Restatement (the “Charter”) to increase the total number of shares of stock that the Company
has authority to issue from 100,000,000 shares to 175,000,000 shares, with the number of authorized shares of common stock, par value
$0.001 per share, increasing from 50,000,000 to 100,000,000 and the number of authorized shares of preferred stock, par value $0.001 per
share, increasing from 50,000,000 to 75,000,000, effective as of 12:01 a.m. Eastern Time on September 25, 2026. Under the Charter, the
Company’s board of directors has the authority, without any action by the Company’s shareholders, to increase the number of
shares of stock that the Company is authorized to issue.
A copy of the Articles of
Amendment is attached hereto as Exhibit 3.1 and is incorporated herein by reference.
