Innovative Eyewear Inc. Files 8-K with Material Agreements

TL;DR

Innovative Eyewear filed an 8-K on 9/25 for material agreements & security holder changes.

AI Summary

On September 25, 2024, Innovative Eyewear Inc. entered into a material definitive agreement. The company also reported modifications to the rights of its security holders and other events. Specific details regarding the agreement and modifications were not fully disclosed in the provided text, but the filing indicates a significant event for the company.

Why It Matters

This filing signals a significant development for Innovative Eyewear Inc., potentially impacting its financial structure, operations, or shareholder rights.

Risk Assessment

Risk Level: medium — The filing indicates material definitive agreements and modifications to security holder rights, which can introduce uncertainty and potential risks.

Key Players & Entities

• Innovative Eyewear Inc. (company) — Registrant
• September 25, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 per share LUCY The Nasdaq Stock Mar
• $0.0001 — each outstanding share of common stock, $0.0001 par value per share (" Common Stock "),
• $6.21 — of the Company at an exercise price of $6.21 per share of Common Stock (the " Purcha

Filing Documents

• innovativeeyewear_8k.htm (8-K) — 50KB
• innovativeeyewear_ex4-1.htm (EX-4.1) — 293KB
• innovativeeyewear_ex4-2.htm (EX-4.2) — 40KB
• innovativeeyewear_ex99-1.htm (EX-99.1) — 10KB
• innovativeeyewear_ex99-2.htm (EX-99.2) — 17KB
• 0001829126-24-006473.txt ( ) — 700KB
• lucy-20240925.xsd (EX-101.SCH) — 4KB
• lucy-20240925_def.xml (EX-101.DEF) — 26KB
• lucy-20240925_lab.xml (EX-101.LAB) — 36KB
• lucy-20240925_pre.xml (EX-101.PRE) — 25KB
• innovativeeyewear_8k_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On September 25, 2024, the Board of Directors (the " Board ") of Innovative Eyewear, Inc., a Florida corporation (the " Company "), authorized and declared a dividend to stockholders of record at the close of business on September 25, 2024 (the " Record Date ") of one common stock purchase right (a " Right ") for each outstanding share of common stock, $0.0001 par value per share (" Common Stock "), of the Company. Each Right entitles the holder to purchase from the Company six shares of Common Stock of the Company at an exercise price of $6.21 per share of Common Stock (the " Purchase Price "). The complete terms of the Rights are set forth in a Rights Agreement (the " Rights Agreement "), dated as of September 25, 2024, between the Company and VStock Transfer, LLC, as rights agent (the " Rights Agent "). Generally, the Rights Agreement works by imposing a significant penalty upon any person or group (including a group of persons that are acting in concert with each other) that acquires twenty percent (20%) or more of the Common Stock without the approval of the Board. As a result, the overall effect of the Rights Agreement and the issuance of the Rights may be to render more difficult or discourage a tender or exchange offer or other acquisition of the Company's Common Stock that is not approved by the Board. The Rights Agreement does not prevent the Board from considering any offer that it considers to be in the best interest of its stockholders. The following is a summary of the terms of the Rights Agreement. The summary is qualified in its entirety by reference to the complete text of the Rights Agreement, a copy of which is filed as Exhibit 4.1 and incorporated herein by reference. Distribution and Transfer of Rights; Rights Certificates The Board has declared a dividend of one Right for each outstanding share of Common Stock. Prior to the Distribution Date referred to below: the Rights will be evid

03 Material Modification to Rights of Security Holders

Item 3.03 Material Modification to Rights of Security Holders. The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.

01 Other Events

Item 8.01 Other Events. On September 25, 2024, the Company issued a press release announcing the adoption of the Rights Agreement and the declaration of the dividend of the Rights. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference. 3

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 4.1 Rights Agreement, dated as of September 25, 2024, by and between Innovative Eyewear, Inc. and VStock Transfer LLC, as rights agent. 4.2 Form of Rights Certificate 99.1 Press Release of Innovative Eyewear, Inc. issued on September 25, 2024. 99.2 Summary of Rights to Purchase 4

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: September 25, 2024 INNOVATIVE EYEWEAR, INC. By: /s/ Harrison Gross Name: Harrison Gross Title: Chief Executive Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR