secwatch.observer — SEC 8-K summary
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Issuer:     Innovative Eyewear Inc (LUCY)
CIK:        0001808377
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001829126-24-003814
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Eyewear raises ~$2.5M in registered direct offering with warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808377/000182912624003814/0001829126-24-003814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808377/000182912624003814/innovativeeyewear_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-003814

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