Innovative Eyewear Inc., the manufacturer behind brands such as Lucyd®, Reebok®, and Nautica®, has announced the filing of a prospectus related to a warrant inducement transaction and additional warrant exercises. The company has raised $4.8 million in gross proceeds, comprising $2.2 million from the warrant inducement transaction and $2.6 million from additional warrant exercises. The transaction involves the issuance of new unregistered Series I warrants to purchase up to 2,240,346 shares of common stock at an exercise price of $2.60 per share. H.C. Wainwright & Co. is serving as the exclusive placement agent. The company aims to file a registration statement with the SEC within 30 days to cover the resale of shares issuable upon exercise of these warrants.
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