Innovative Eyewear, Inc. Announces Closing of $1.025 Million Registered Direct Offering Priced At-the- Market Under Nasdaq Rules
MIAMI, May 1, 2024 /PRNewswire/ — Innovative Eyewear, Inc. (“Innovative Eyewear” or the “Company”) (Nasdaq: LUCY; LUCYW), the developer and seller of smart eyewear, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules for the issuance and sale of 4,200,822 shares of its common stock at a purchase price per share of $0.244. Additionally, in a concurrent private placement, Innovative Eyewear has also issued unregistered warrants to purchase up to 4,200,822 shares of common stock at an exercise price of $0.244 per share. The unregistered warrants will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants and will expire five years from the date of stockholder approval.