Business
Innovative Eyewear, Inc. Announces Closing of Exercise of Warrants
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 closed the previously announced 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 shares of common stock issuable upon exercise of the
About this update from Innovative Eyewear, Inc.
[{"type":"text","content":"MIAMI, June 24, 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 closed the previously announced 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 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":688,"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. acted as the exclusive placement agent for the offering.","length":82,"tagName":"p"},{"type":"text","content":"In consideration for the immediate exercise of the warrants for cash in the warrant inducement transaction, the Company issued new unregistered Series I warrants to purchase up to an aggregate of 2,240,346 shares of common stock, at a purchase price of $0.125 per warrant, resulting in aggregate gross proceeds to the Company of approximately $0.3 million. The new Series I warrants have an exercise price of $2.60 per share. The new Series I warrants are exercisable immediately and will expire eighteen months following the effective date of the resale registration statement registering the shares of common stock issuable upon exercise of the Series I warrants.","length":675,"tagName":"p"},{"type":"text","content":"The gross proceeds to the Company from the ...