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Innovative Eyewear, Inc. closed a registered direct offering under Nasdaq rules, issuing 4,200,822 shares at $0.244 per share, along with unregistered warrants. The gross proceeds totaled approximately $1.025 million. The company plans to use the net proceeds for working capital and general corporate purposes.
Innovative Eyewear, Inc. announced a registered direct offering of 4,200,822 shares of its common stock at a purchase price of $0.244 per share, along with unregistered warrants to purchase the same number of shares. The offering is expected to generate roughly $1.025 million in gross proceeds for the company. The net proceeds will be used for working capital and general corporate purposes. The offering is set to close around May 1, 2024, pending customary closing conditions.
