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:  0001829126-24-006480
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Eyewear generates $2.6M from exercise of 263,160 warrants; issues new Series E and F warrants
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- Gross proceeds ~$2.6M from cash exercise of 263,160 existing warrants at $9.875/share.
- Issues new Series E warrants for 263,160 shares at $9.50 per share, exercisable immediately, 5-year term.
- Also issues Series F warrants for 526,320 shares at $9.50 per share, exercisable immediately, 18-month term.
- Placement agent H.C. Wainwright receives 7.5% cash fee plus PA warrants for 19,737 shares at $12.3438.
- Net proceeds to be used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808377/000182912624006480/0001829126-24-006480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808377/000182912624006480/innovativeeyewear_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006480

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