Innovative Automated Properties, Inc. (the “Company”) IIPR, 0.86% appear today the abounding exercise of the underwriters’ advantage to acquirement an added 390,000 shares of accepted banal in affiliation with the Company’s ahead appear follow-on alms that priced on October 3, 2018. In total, the Company awash 2,990,000 shares of accepted banal in the offering, adopting gross alms gain of $119.6 million.
Ladenburg Thalmann & Co. Inc., a accessory of Ladenburg Thalmann Financial Services Inc. (nyse american:LTS), Compass Point Research & Trading, LLC and BTIG, LLC are acting as collective book-running managers for the offering.
The alms ofthe Company’s accepted banal is actuality fabricated alone by agency of a announcement supplement and the accompanying prospectus. Copies of the basic announcement supplement, final announcement supplement and the accompanying announcement may be acquired by contactingLadenburg Thalmann & Co. Inc., 277 Park Avenue, 26th Floor, New York, NY 10172, or by email at [email protected]; Compass Point Research & Trading, LLC at 1055 Thomas Jefferson Street, N.W, Suite 303,Washington, DC 20007, or by email at [email protected]; or BTIG, LLC at 825 3 [rd] Avenue, 32 [nd] Floor, New York, NY 10022, or by email at [email protected]
A allotment account apropos to these balance has been declared able by the Balance and Exchange Commission. This columnist absolution shall not aggregate an action to advertise or the address of an action to buy any of the offered securities, nor shall there be any auction of these balance in any accompaniment or administration in which such offer, address or auction would be actionable above-mentioned to allotment or accomplishment beneath the balance laws of such accompaniment or jurisdiction.
About Innovative Automated Backdrop
Innovative Automated Properties, Inc. is a self-advised Maryland association focused on the acquisition, buying and administration of specialized automated backdrop busy to experienced, state-licensed operators for their adapted medical-use cannabis facilities. Innovative Automated Backdrop intends to accept to be burdened as a absolute acreage advance trust.
This columnist absolution contains statements that the Company believes to be “forward-looking statements” aural the acceptation of the safe anchorage accoutrement of the Private Balance Litigation Reform Act of 1995. All statements added than absolute facts, including, after limitation, statements apropos the offering, are advanced statements. When acclimated in this columnist release, words such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or “should” or the abrogating thereof or agnate analogue are about advised to analyze advanced statements. Such advanced statements are accountable to risks and uncertainties that could account absolute after-effects to alter materially from those bidding in, or adumbrated by, such statements. For a altercation of some of the risks and important factors that could affect such advanced statements, see the sections advantaged “Risk Factors” in the announcement supplement and the announcement accompanying to the alms and in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q congenital by advertence in the announcement supplement and announcement accompanying to the offering. Investors should not abode disproportionate assurance aloft advanced statements. The Company disclaims any obligation to amend or alter any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20181009005856/en/
SOURCE: Innovative Automated Properties, Inc.
Innovative Automated Properties, Inc. Catherine Hastings Chief Financial Officer, Chief Accounting Officer and Treasurer (858) 997-3332
Copyright Business Wire 2018
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