secwatch.observer — SEC 8-K summary
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Issuer:     Innovative Eyewear Inc (LUCY)
CIK:        0001808377
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001829126-24-002963
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808377/000182912624002963/0001829126-24-002963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808377/000182912624002963/innovative_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-002963

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