Innovative Eyewear Plunges 13.19% on Warrant Exercise

On April 14, 2025, Innovative Eyewear experienced a significant drop of 13.19% in pre-market trading, marking a notable decline in its stock performance.

Innovative Eyewear, Inc. recently announced the exercise of warrants, securing $1.8 million in gross proceeds. This move involved the issuance of new Series G and H warrants, which could potentially increase the company's financial flexibility and strategic options.

The company has strategically reduced the exercise price of its warrants to $2.60 per share. This adjustment is part of a broader effort to attract more investors and enhance liquidity, with the transaction expected to close around April 14, 2025, subject to certain conditions.