Innovative Eyewear, which makes eyewear with tech-enabled frames under the brand Lucyd, filed on Wednesday with the SEC to raise up to $17 million in an initial public offering.
Innovative Eyewear plans to offer units with warrants attached. Because of this, the company will be excluded from Renaissance Capital’s IPO stats.
Innovative Eyewear develops and sells a suite of tech-enabled eyeglasses and sunglasses, offering both prescription eyewear and sun protection. In January 2021, the company launched its first commercial product, Lucyd Lyte, which enables the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.
The North Miami, FL-based company was founded in 2019 and booked $1 million in revenue for the 12 months ended December 31, 2021. It plans to list on the Nasdaq under the symbol LUCY. Innovative Eyewear filed confidentially on October 19, 2021. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
