Innovative Eyewear (LUCY) signed an inducement agreement with a warrant holder, allowing them to exercise existing warrants at a reduced price of $1.35 per share instead of $2.60. In exchange, the company will issue new Series J warrants to purchase up to over 6.6 million shares at $1.10 each. The deal raised about $3.0 million in gross proceeds, which will be used for working capital and general corporate purposes. H.C. Wainwright acted as the placement agent.
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