Innovative Eyewear Announces Pricing of $4.7 Million Public Offering
2023年6月22日 - 9:15PM
Innovative Eyewear Inc. ("Innovative Eyewear" or the
"Company") (NASDAQ: LUCY; LUCYW), the developer and
retailer of smart eyewear under the Lucyd® brand, and licensee of
the Nautica®, Eddie Bauer® and Reebok® brands, today announced
the pricing of its public offering of 4,500,000 units, with each
unit consisting of one share of common stock and one warrant to
purchase one share of common stock. Each unit is being sold at a
public offering price of $1.05. The warrants in each unit will be
immediately exercisable at a price of $1.05 per share and will
expire five years from the date of issuance. The shares of common
stock and the accompanying warrants can only be purchased together
in this offering but will be issued separately and will be
immediately separable upon issuance.
Gross proceeds, before deducting placement agent
fees and estimated offering expenses, are expected to be
approximately $4.7 million. The Company intends to use the
proceeds from the offering primarily for working capital and
general corporate purposes.
The offering is expected to close on June 26,
2023, subject to customary closing conditions.
Maxim Group LLC is acting as sole placement
agent in connection with this offering.
The securities described above are being offered
pursuant to a registration statement on Form S-1 (File No.
333-272737), which was declared effective by the Securities and
Exchange Commission (the "SEC") on June 21, 2023. The offering is
being made only by means of a prospectus, which is a part of the
effective registration statement. A preliminary prospectus relating
to the offering has been filed with the SEC. Copies of the final
prospectus relating to this offering, when available, will be filed
with the SEC and may be obtained from Maxim Group LLC, 300 Park
Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
described herein, nor shall there be any sale of these securities
in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer
of cutting-edge smart eyewear, under the Lucyd®, Nautica®, Eddie
Bauer® and Reebok® brands. True to our mission to Upgrade Your
Eyewear®, our Bluetooth audio glasses allow users to stay safely
and ergonomically connected to their digital lives, and are offered
in hundreds of frame and lens combinations to meet the needs of the
optical market. To learn more and explore our continuously evolving
collection of smart eyewear, please visit www.lucyd.co.
Forward Looking Statements
This press release contains certain
forward-looking statements, including , including those relating to
the anticipated timing of completion of the offering and
other statements that are predictive in nature. Forward-looking
statements are based on the Company's current expectations and
assumptions. The Private Securities Litigation Reform Act of 1995
provides a safe-harbor for forward-looking statements. These
statements may be identified by the use of forward-looking
expressions, including, but not limited to, "anticipate,"
"believe," "continue," "estimate," "expect," "future," "intend,"
"may," "outlook," "plan," "potential," "predict," "project,"
"should," "will," "would" and similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters, but the absence of these words does not mean
that a statement is not forward-looking. These forward-looking
statements include, but are not limited to, statements regarding
the completion of the public offering, the satisfaction of
customary closing conditions related to the offering and the
intended use of proceeds from the offering. The Company undertakes
no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required under applicable law. Important factors that
could cause actual results to differ materially from those in the
forward-looking statements are set forth in the preliminary
prospectus related to the public offering filed with the Securities
and Exchange Commission, under the caption "Risk Factors."
Investor Relations Contact:Scott PowellSkyline
Corporate Communications Group, LLCOffice: +1 (646) 893-5835Email:
scott@skylineccg.com
Innovative Eyewear (NASDAQ:LUCYW)
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Innovative Eyewear (NASDAQ:LUCYW)
過去 株価チャート
から 5 2023 まで 5 2024