Innovative eyewear inc. regains compliance with nasdaq listing requirements

Miami, florida--(newsfile corp. - august 1, 2024) - innovative eyewear inc. (nasdaq: lucy) (nasdaq: lucyw) ("innovative eyewear" or "the company") the developer of smart eyewear under the lucyd®, nautica®, eddie bauer® and reebok® brands, today announced that the company received formal notice (the "notice") from the nasdaq office of general counsel of the nasdaq stock market llc ("nasdaq") indicating that the company has regained compliance with the minimum bid price requirement set forth in nasdaq listing rule 5550(a)(2) (the "bid price rule"). to regain compliance with the bid price rule, the company's common stock was required to maintain a minimum closing bid price of $1.00 or more for at least ten consecutive business days.
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