other material
confidence high
sentiment negative
materiality 0.60
Innovative Eyewear announces 1:20 reverse stock split; shareholders approve audit and warrant issuance
Innovative Eyewear Inc
- Reverse stock split at 1:20 ratio effective July 16, 2024; trading on split-adjusted basis begins July 18, 2024.
- Outstanding shares reduced from 27,890,033 to approximately 1,394,502; par value unchanged.
- Stockholders elected directors Harrison Gross, Kristen McLaughlin, Louis Castro, and Olivia Bartlett.
- Ratified Cherry Bekaert LLP as independent auditor for FY 2024 and approved issuance of shares upon warrant exercise.