Innovative Eyewear exercises warrants for $1.8M in gross proceeds

Innovative Eyewear (LUCY) announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 601,686 shares of the company’s common stock originally issued by the company on September 4, 2024 and September 24, 2024, having original exercise prices of $5.00 and $9.50 per share, respectively, at a reduced exercise price of $2.60 per share. The closing of the warrant exercise transaction is expected to occur on or about April 14, subject to satisfaction of customary closing conditions.