Innovative Eyewear, a leading developer of ChatGPT-enabled smart eyewear, has announced a significant expansion into the Middle East market through an exclusive distribution agreement with Ecom Gulf FZCO (DBA Mixireal.com). This partnership aims to capitalize on the growing demand for tech products in the region, particularly for luxury eyewear brands.
Results for: Innovative Eyewear
Innovative Eyewear, Inc., a developer of smart eyewear, announced the successful completion of a warrant exercise transaction, raising approximately $633,495 in gross proceeds. This brings the company’s total funding raised since the start of the second quarter of 2024 to approximately $8 million. The funds will be utilized for the development and launch of new products, including the Armor Smart Safety Glasses and Reebok ChatGPT-enabled sports glasses, as well as marketing efforts and general corporate purposes.
Innovative Eyewear, a developer of smart eyewear under brands like Lucyd®, Nautica®, Eddie Bauer®, and Reebok®, announced the immediate exercise of certain outstanding warrants to purchase shares of its common stock. This move brings in $633,495 for the company, which intends to use the funds for working capital and general corporate purposes.
Innovative Eyewear Inc’s stock price skyrocketed on Thursday after the company announced that its Lucyd Lyte smart eyewear collection is now available on Target.com. The move is expected to significantly expand the company’s reach in the US market.