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Innovative Eyewear increases maximum shares for at-the-market offering

Published 15/08/2025, 22:22
Innovative Eyewear increases maximum shares for at-the-market offering
LUCY
-1.46%

Innovative Eyewear Inc. (NASDAQ:LUCY) announced Friday that it has filed a prospectus supplement to increase the maximum number of shares of its common stock issuable under its existing At The Market Offering Agreement with H.C. Wainwright & Co., originally dated April 15, 2024. The company’s common stock and warrants to purchase common stock are listed on the Nasdaq Stock Market under the symbols LUCY and LUCYW, respectively.

The filing includes an opinion from Ellenoff Grossman & Schole LLP regarding the legality of the issuance and sale of the additional shares. This information is based on a statement from the company’s recent SEC filing.

In other recent news, Innovative Eyewear , Inc. has raised approximately $4.8 million through warrant exercises and a warrant inducement transaction. This financial move involved the immediate exercise of outstanding warrants to purchase 746,782 shares of common stock at $2.60 per share, generating about $2.2 million. Additionally, the company issued new unregistered Series I warrants, contributing an extra $0.3 million to the total proceeds. Innovative Eyewear also announced the launch of its Reebok athletic smartglasses on the Reebok mobile app, with availability on Reebok.com to follow. Expanding its distribution channels, the company is promoting its ChatGPT-enabled Bluetooth audio glasses. Furthermore, Innovative Eyewear has partnered with Smartech Retail Group to showcase its Reebok Powered by Lucyd smart eyewear collection at Smartech’s new retail location in Times Square, New York City. This showcase is scheduled to launch on July 22, 2025, featuring the Reebok frames alongside other tech brands such as Sonos and Segway.

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