Highest-materiality recent filing
Innovative Eyewear raises ~$3.0M via warrant exercise at reduced price; issues new Series J warrants
Holder exercises 2,200,544 existing warrants at reduced price of $1.35/share (original $2.60), generating ~$3.0M gross proceeds.
Innovative Eyewear reports 65% sales growth in FY2025; management to buy shares
Preliminary FY2025 sales $2.7M, up 65% from $1.6M in FY2024.
Innovative Eyewear raises $4.8M in gross proceeds from warrant inducement and ordinary exercises
Gross proceeds $4.8M ($2.2M inducement + $0.3M new warrants + $2.6M ordinary exercises).
Innovative Eyewear induces warrant exercise for ~$633K gross; new warrants issued
Reduced exercise price to $5.00/share from $21.00 to induce immediate cash exercise of 126,699 existing warrants.
Reverse stock split at 1:20 ratio effective July 16, 2024; trading on split-adjusted basis begins July 18, 2024.
Innovative Eyewear raises ~$2.5M in registered direct offering with warrants
Gross proceeds ~$2.5M; net ~$2.1M after placement agent fees and expenses.
Innovative Eyewear appoints COO and licenses 46 patents from IngenioSpec
Jaoquin Abondano appointed COO effective Jan 1, 2024; base salary $140k, quarterly bonus $30k if e-commerce revenue ≥$1M.
Innovative Eyewear receives Nasdaq bid price deficiency notice; stock below $1.00 for 30 days
Nasdaq notice on August 4, 2023 for non-compliance with minimum bid price rule (Listing Rule 5550(a)(2)).
Innovative Eyewear raises ~$4.7M in public offering of 4.5M units of stock + warrants
Priced 4,500,000 units at $1.05/unit; each unit = 1 share + 1 warrant to buy 1 share at $1.05 for 5 years.
Innovative Eyewear licenses Reebok brand for smart eyewear under multi-year global deal
Multi-year global licensing agreement with Authentic Brands Group for Reebok smart eyewear.
Innovative Eyewear closes $7.35M IPO; units trade on Nasdaq as LUCY/LUCYW
IPO consisted of 980,000 units at $7.50/unit: 1 share + 2 warrants to buy 1,960,000 shares.
On October 11, 2024, the Board of Directors of Innovative Eyewear Inc. (the “Company”) appointed Oswald Gayle as the Company’s Co-Chief Financial Officer, effective immediately.
On January 13, 2023, the Board of Directors of Innovative Eyewear, Inc., (the “Company”) authorized the appointment of Jaoquin Abondano to the position of Chief Operating Officer of the Company, effective as of January 1, 2024.
Max materiality 0.90 · Median 0.50 · Most common event other_material