secwatch.observer — SEC 8-K summary
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Issuer:     Innovative Eyewear Inc (LUCY)
CIK:        0001808377
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001829126-24-006473
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Eyewear adopts limited-duration rights plan with 20% trigger, expires Sept 25, 2025
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- One Right per share of common stock; exercise price $6.21 per share to purchase six shares.
- Plan triggers if a person or group acquires 20%+ beneficial ownership without board approval.
- Vladimir Galkin and affiliates grandfathered but become Acquiring Person on additional share purchases.
- Flip-in provision: non-acquiring holders can buy shares worth 2x exercise price; redemption at $0.0001 per Right.
- Rights expire Sept 25, 2025, unless earlier redeemed, exchanged, or upon certain corporate events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808377/000182912624006473/0001829126-24-006473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808377/000182912624006473/innovativeeyewear_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006473

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