other material
confidence high
sentiment neutral
materiality 0.60
Innovative Eyewear raises ~$2.5M in registered direct offering with warrants
Innovative Eyewear Inc
- Gross proceeds ~$2.5M; net ~$2.1M after placement agent fees and expenses.
- Sold 5,263,161 shares and 5,263,161 warrants at $0.475/unit; warrants exercisable at $0.475 for 5 years.
- Placement agent H.C. Wainwright receives 6% cash fee, $50K expense, and 394,737 PA warrants at $0.5938.
- Net proceeds to be used for general corporate purposes and working capital.
- Warrants and PA warrants issued in private placement exempt under Section 4(a)(2) and Rule 506.