Innovative eyewear, inc. announces closing of $7.35 million initial public offering

Miami , aug. 17, 2022 /prnewswire/ -- innovative eyewear, inc. ("innovative eyewear" or the "company") (nasdaq: lucy; lucyw), a developer and retailer of cutting-edge eyeglasses and sunglasses designed to allow the users to remain connected to their digital lives, today announced the closing of its previously announced initial public offering of 980,000 units consisting of 980,000 shares of its common stock and 1,960,000 warrants to purchase 1,960,000 shares of common stock at a combined offering price of $7.50 per unit, for gross proceeds of approximately $7.35 million, before deducting underwriting discounts and offering expenses. each share of common stock was sold together with two warrants, each warrant to purchase one share of common stock with an exercise price of $7.50 per share.
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