Company: IIPR
Filing Date: 2025-02-21
Form Type: S-3ASR
Source: 0001104659-25-016184
Chunk: 112

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-02-21
Form: S-3ASR
Chunk 112
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 at the termination of the offering. |

| (4) | That, for the purpose of determining liability under 
 the Securities Act to any purchaser:                 |

| (i) | Each prospectus filed by the registrant pursuant to                                                                    
 Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed 
 part of and included in the registration statement; and                                                                |

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| (ii) | Each prospectus required to be filed pursuant to Rule 424(b)(2),                                                                      
 (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant                   
 to Rule 415(a)(1)(i), (vii) or (x), for the purpose of providing the information required by Section 10(a) of                         
 the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form   
 of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described     
 in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, 
 such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration     
 statement to which the prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona    
 fide offering thereof; provided, however, that no statement made in a registration statement or prospectus that                       
 is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration    
 statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior      
 to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part     
 of the registration statement or made in any such document immediately prior to such effective date.                                  |

| (5) | That, for the purpose of determining liability of the                                                                                   
 registrant under the Securities Act to any purchaser in the initial distribution of the securities, in a primary offering of securities 
 of the registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the     
 purchaser, if the securities are offered or sold to such purchaser by means of any of