secwatch.observer — SEC 8-K summary
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Issuer:     Innovative Eyewear Inc (LUCY)
CIK:        0001808377
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001829126-23-004432
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Eyewear raises ~$4.7M in public offering of 4.5M units of stock + warrants
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- Priced 4,500,000 units at $1.05/unit; each unit = 1 share + 1 warrant to buy 1 share at $1.05 for 5 years.
- Gross proceeds ~$4.7M before fees; net proceeds for working capital and general corporate purposes.
- Offering closed June 26, 2023; Maxim Group LLC served as sole placement agent.
- 90-day lock-up on shares held by directors, officers, and certain stockholders; company also restricted from issuing additional shares for 90 days.
- Warrants immediately exercisable; placement agent receives 7% cash fee and up to 180,000 warrants with piggyback registration rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808377/000182912623004432/0001829126-23-004432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808377/000182912623004432/innovativeeye_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004432

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer