, /PRNewswire/ -- H.C. Wainwright & Co.
is acting as the exclusive placement agent for the offering. The gross proceeds to Innovative Eyewear from the offering are expected to be approximately , before deducting the placement agent's fees and other offering expenses. The Company currently intends to use the net proceeds from the offering for working capital and general corporate purposes.
The shares of common stock offered in the registered direct offering (but excluding the unregistered warrants or the shares of common stock underlying such unregistered warrants) described above are being offered pursuant to a "shelf" registration statement on Form S-3 (Registration No. 333-276938), including a base prospectus, previously filed with the Securities and Exchange Commission ("SEC") on , and declared effective by the SEC on . The offering of the shares of common stock are being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.
A final prospectus supplement and an accompanying base prospectus relating to, and describing the terms of, the registered direct offering will be filed with the SEC and will be available on the SEC's website located at Electronic copies of the prospectus supplement and accompanying base prospectus relating to the registered direct offering, when available, may also be obtained from H.C. Wainwright & Co.
, LLC at 430 Park Ave., 10022, by telephone at (212) 856-5711, or by email at .
