Innovative Eyewear Inc. Files 8-K for Material Agreement

TL;DR

Innovative Eyewear Inc. signed a big deal on 4/15/24, filing an 8-K.

AI Summary

On April 15, 2024, Innovative Eyewear Inc. entered into a material definitive agreement. The company, incorporated in Florida with its principal executive offices in North Miami, Florida, filed a Form 8-K to report this event. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant development for Innovative Eyewear Inc., potentially impacting its business operations, financial standing, or strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or alter existing ones for a company, requiring further investigation.

Key Numbers

• 001-41392 — SEC File Number (Identifies the company's filing with the SEC.)
• 85-0734861 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Innovative Eyewear Inc. (company) — Registrant
• April 15, 2024 (date) — Date of earliest event reported
• Florida (location) — State of incorporation
• North Miami, Florida (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 per share LUCY The Nasdaq Stock Mar
• $1,120,446 — g an aggregate offering amount of up to $1,120,446 (the " Shares ") during the term of the

Filing Documents

• innovative_8k.htm (8-K) — 47KB
• innovative_ex5-1.htm (EX-5.1) — 9KB
• innovative_ex10-1.htm (EX-10.1) — 194KB
• ex5-1_001.jpg (GRAPHIC) — 30KB
• 0001829126-24-002561.txt ( ) — 555KB
• lucy-20240415.xsd (EX-101.SCH) — 4KB
• lucy-20240415_def.xml (EX-101.DEF) — 26KB
• lucy-20240415_lab.xml (EX-101.LAB) — 36KB
• lucy-20240415_pre.xml (EX-101.PRE) — 25KB
• innovative_8k_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On April 15, 2024, Innovative Eyewear, Inc., a Florida corporation (the " Company "), entered into an At the Market Offering Agreement (the " Agreement ") with H.C. Wainwright & Co., LLC, as sales agent (" HCW "), to create an at-the-market equity program. Under the Agreement, the Company may offer and sell shares of its common stock, par value $0.00001 per share, from time to time having an aggregate offering amount of up to $1,120,446 (the " Shares ") during the term of the Agreement through HCW (the " ATM Offering "). The Company has agreed to pay HCW a commission equal to 3.0% of the gross sales price from the sales of Shares pursuant to the Agreement. In addition, the Company has agreed to reimburse HCW for certain costs and out-of-pocket expenses incurred in connection with its services, including certain fees and out-of-pocket expenses of its legal counsel. The Company has agreed in the Agreement to provide indemnification and contribution to HCW against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the " Securities Act "). Sales of the Shares, if any, under the Agreement may be made through any method permitted by law deemed to be "at-the-market equity offerings" as defined in Rule 415 under the Securities Act, including sales made directly on or through the Nasdaq Capital Market or on any other existing trading market for the Company's common stock. The Company has no obligation to sell any of the Shares under the Agreement and no assurance can be given that the Company will sell any Shares under the Agreement, or if it does, as to the price or amount of Shares that the Company will sell, or the dates on which any such sales will take place. The offering of Shares pursuant to the Agreement will terminate upon the termination of the Agreement through provision of notice by either or both the Company and HCW, as permitted therein. The Company will designate

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 5.1 Opinion of Ellenoff Grossman & Schole LLP 10.1 At the Market Offering Agreement, dated April 15, 2024, by and between Innovative Eyewear, Inc. and H.C. Wainwright & Co., LLC 23.1 Consent of Ellenoff Grossman & Schole LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 16, 2024 INNOVATIVE EYEWEAR, INC. By: /s/ Harrison Gross Name: Harrison Gross Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR