Innovative Eyewear closes $7.35M IPO; units trade on Nasdaq as LUCY/LUCYW

Innovative Eyewear Inc

IPO consisted of 980,000 units at $7.50/unit: 1 share + 2 warrants to buy 1,960,000 shares.
Gross proceeds ~$7.35M; underwriting discounts and expenses of ~$742,898 deducted.
Warrants exercisable at $7.50/share for 5 years; anti-dilution provisions apply.
Maxim Group LLC served as sole book-runner; over-allotment partially exercised for 294,000 warrants.
Proceeds to fund sales/marketing, inventory, in-store displays, new product development, and working capital.

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