IPO - Innovative Eyewear Inc

Form Type: S-1

Filing Date: 2025-05-09

Corporate Action: Ipo

Type: New

Accession Number: 000182912625003518

Filing Summary: Innovative Eyewear, Inc. is filing a registration statement for the public offering of 1,988,099 shares of common stock at a par value of $0.00001 per share. This includes shares attributable to the exercise of series G and H warrants at $2.60 per share, and placement agent warrants at $3.25 per share, all issued on April 14, 2025, as part of an inducement offering. The company, which specializes in smart eyeglasses, aims to capitalize on the growing demand in the smart eyewear market. The shares offered will be sold by existing stockholders, with the company not receiving proceeds from these resales. Innovative Eyewear's common stock and warrants are listed on Nasdaq under the symbols 'LUCY' and 'LUCYW', respectively. As of May 8, 2025, the last reported sale price of the common stock was $1.80. The registration allows stockholders to resell shares and further establish the company's market presence. The document emphasizes potential risks, including competition in the smart eyewear sector and the necessity for effective user interface and battery life to penetrate the market effectively. Innovative Eyewear identifies as an emerging growth company, benefiting from reduced public company reporting requirements.