The transaction, expected to close on or about July 9, 2026, involves the issuance of new short-term Series J warrants as an incentive for the immediate exercise of the existing holdings. These new warrants grant holders the right to purchase up to 6,601,632 shares of common stock at an exercise price of $1.10. Should these be fully exercised on a cash basis, the company could potentially secure an additional $7.25 million, though no guarantee exists that these options will be utilized.

H.C. Wainwright & Co. is serving as the exclusive placement agent for this offering. Innovative Eyewear plans to allocate the net proceeds toward working capital and general corporate requirements. The Series J warrants are being offered in a private placement and are not currently registered under the Securities Act of 1933, though the company has committed to filing a resale registration statement with the SEC to cover the underlying shares.