Company: IIPR
Filing Date: 2025-08-12
Form Type: 8-K
Source: 0001104659-25-076830
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Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-08-12
Form: 8-K
Item: Item 7.01
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Item 7.01 Regulation FD Disclosure

.

On August 6, 2025, the Company issued a press
release announcing that it had entered into the Securities Purchase Agreement. A copy of the press release is filed as Exhibit 99.1 hereto
and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

  Exhibit      Description                                                                                                                  
               of Exhibit                                                                                                                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  10.1*        Securities Purchase Agreement, dated August 6, by and among IIP Operating Partnership, LP, IQHQ Holdings, LP and IQHQ, Inc.  
  99.1         Press release dated August 6, 2025.                                                                                          
  104          Cover Page Interactive Data File (embedded within the XBRL document).                                                        

*Certain schedules and exhibits omitted pursuant to Item 601(a)(5)
of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.

Forward-Looking Statements

This Current Report on Form 8-K contains statements that the Company
believes to be “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. All statements other than historical facts are forward-looking statements. When used in this report, words such as
the Company or IIP OP “expects,” “intends,” “plans,” “estimates,” “anticipates,”
“believes” or “should” or the negative thereof or similar terminology are generally intended to identify forward-looking
statements, and they include, but are not limited to, statements regarding the size, structure, and timing of the transactions contemplated
by the Securities Purchase Agreement and the exhibits thereto; the ability to complete the proposed transaction when expected or at all
due to the failure to satisfy closing conditions or otherwise; and the Company’s ability to fund the proposed transaction and anticipated
funding sources. These forward-looking statements are based on current expectations and are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed in, or implied by, such statements. Factors that could cause results to
differ from those projected or assumed in any forward-looking statement include, but are not limited to, the risk factors discussed in
the Company’s most recent Annual Report on Form 10-K for