Innovative eyewear, inc. announces $4.8 million of gross proceeds raised from warrant transactions

$2.2 million gross proceeds from warrant inducement transaction $2.6 million gross proceeds from additional warrant exercises 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.
LUCY Ratings Summary
LUCY Quant Ranking