Innovative Eyewear raises $1M in registered direct offering with warrants at $0.244/share

Innovative Eyewear Inc

Gross proceeds ~$1M from 4,200,822 shares and warrants at combined $0.244/share; net proceeds ~$832,300.
Warrants exercisable after stockholder approval, 5-year term, exercise price $0.244 per share.
Placement agent H.C. Wainwright receives 6.0% cash fee plus 1.0% management fee, $25,000 expense, and 315,062 PA warrants at $0.305.
Closing expected May 1, 2024; proceeds for general corporate purposes and working capital.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Innovative Eyewear Inc entered into Securities Purchase Agreement with institutional investors valued at $1,000,000 gross proceeds (effective 2024-04-28).

Action: entry
Agreement: equity purchase
Counterparty: institutional investors
Value: $1,000,000 gross proceeds
Effective: 2024-04-28

Exact text from the filing

On April 28, 2024, Innovative Eyewear, Inc. (the “ Company ”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional investors (the “ Investors ”) for the purpose of raising approximately $1 million in gross proceeds for the Company.

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292 material agreements filed in the last 30 days. Browse all material agreements →

Innovative Eyewear Inc filing history →

Source: SEC EDGAR

accession 0001829126-24-002963

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