Innovative Eyewear, Inc. Announces Closing of $2.5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

May 29, 2024

https://www.prnewswire.com/news-releases/innovative-eyewear-inc-announces-closing-of-2-5-million-registered-direct-offering-priced-at-the-market-under-nasdaq-rules-302158463.html

MIAMI, May 29, 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 5,263,161 shares of its common stock at a purchase price per share of $0.475. Additionally, in a concurrent private placement, Innovative Eyewear has also issued unregistered warrants to purchase up to 5,263,161 shares of common stock at an exercise price of $0.475 per share. The unregistered warrants are exercisable immediately upon issuance and will expire five (5) years from the date of issuance.

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