Business
Innovative Eyewear, Inc. Announces $4.8 Million of Gross Proceeds Raised from Warrant Transactions
Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 746,782 shares of the Company's common stock originally issued by the Company on April 14, 2025, at the current exercise price of $2.60 per share. The closing of the warr
About this update from Innovative Eyewear, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"$2.2 million gross proceeds from warrant inducement transaction","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"$2.6 million gross proceeds from additional warrant exercises","length":61,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":124,"olType":false},{"type":"text","content":"MIAMI, June 23, 2025 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 746,782 shares of the Company's common stock originally issued by the Company on April 14, 2025, at the current exercise price of $2.60 per share. The closing of the warrant inducement transaction is expected to occur on or about June 24, 2025, subject to satisfaction of customary closing conditions. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (File No. 333-287142).","length":881,"tagName":"p"},{"type":"image","alt":"Innovative Eyewear Logo (PRNewsfoto/Innovative Eyewear, Inc.)","displaySize":"","headline":null,"caption":"Innovative Eyewear Logo (PRNewsfoto/Innovative Eyewear, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/efde4bdbcb6dbac05949e953f099ca4b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qjcZegHf4LJR8m9rKz9Tlg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/efde4bdbcb6dbac05949e953f099ca4b","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2496921/Innovative_Eyewear_Inc_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.","length":86,"tagName":"p"},{"type":"text","content":"In consideration for the immediate exercise of the warrants for cash in the warrant inducement transaction, the Company will issue new unregistered Series I warrants to purchase up to an aggregate of 2,240,346 shares of common stock, ...