{"url_path":"/sec/lucy/8-k/2026-07-09/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 ****Entry","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-09","source_url":"https://www.sec.gov/Archives/edgar/data/1808377/0001829126-26-007468-index.html","accession_number":"0001829126-26-007468","cik":"0001808377","ticker":"LUCY","issuer_name":"Innovative Eyewear Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1808377/0001829126-26-007468-index.html","primary_entity_key":"0001808377","primary_entity_name":"Innovative Eyewear Inc"},"word_count":859,"has_tables":true,"body_markdown":"**Item 1.01****Entry\ninto a Material Definitive Agreement**\n\n \n\nOn July 8,\n2026, Innovative Eyewear, Inc., a Florida corporation (the “Company”), entered into an inducement letter agreement (the “Inducement\nLetter Agreement”) with a holder (the “Holder”) of certain of its existing warrants to purchase an aggregate of 2,200,544\nshares of the Company’s common stock, $0.00001 par value per share (the “Common Stock”), which were originally issued\nto the Holder on April 14, 2025 and June 24, 2025, each having an original exercise price of $2.60 per (the “Existing\nWarrants”).\n\n \n\nThe resale\nof the shares of Common Stock issued upon exercise of the Existing Warrants are registered pursuant to effective registration statements\non Form S-1 (No. 333-287142 and No. 333-288777).\n\n \n\nPursuant\nto the Inducement Letter Agreement, the Holder agreed to exercise for cash the Existing Warrants at a reduced exercise price of $1.35 per share\nin consideration of the Company’s agreement to issue new unregistered Series J warrants (the “Series J Warrants” or “New\nWarrants”) to purchase up to an aggregate 6,601,632 shares of Common Stock, each at a purchase price of $0.125 per New Warrant. The\nNew Warrants have an exercise price of $1.10 per share, are exercisable immediately upon issuance and have a term of exercise equal to\ntwenty-four (24) months following the effective date of the Resale Registration Statement (as defined below).\n\n \n\nThe Company\nhas agreed to file a registration statement providing for the resale of the New Warrant Shares issuable upon the exercise of the New Warrants\n(the “Resale Registration Statement”) as soon as reasonably practicable (and in any event within 15 calendar days) after the\ndate of the Inducement Letter Agreement, and to use commercially reasonable efforts to have such Resale Registration Statement declared\neffective by the Securities and Exchange Commission (the “SEC”) within 45 calendar days following the date of the Inducement\nLetter Agreement (or within 75 calendar days following the date of the Inducement Letter Agreement in case of a “full review”\nof such registration statement by the SEC) and to keep the Resale Registration Statement effective at all times until no holder of the\nNew Warrants owns any New Warrants or New Warrant Shares. Pursuant to the Inducement Letter Agreement, the Company agreed not to issue,\nenter into any agreement to issue or announce the issuance or proposed issuance of any Common Stock or Common Stock equivalents or file\nany registration statement or any amendment or supplement to any existing registration statement (in each case, subject to certain exceptions)\nuntil 30 calendar days after the closing of the offering. The Company also agreed not to effect or agree to effect any Variable Rate Transaction\n(as defined in the Inducement Letter Agreement) until one (1) year after the closing of the offering (subject to an exception).\n\n \n\nThe gross\nproceeds to the Company from the exercise of the Existing Warrants and the issuance of the New Warrants were approximately $3.0 million\nprior to deducting placement agent fees and offering expenses. The closing of the offering occurred on July 9, 2026. The Company\nintends to use the net proceeds from this transaction for working capital and general corporate purposes.\n\n \n\nH.C. Wainwright\n& Co., LLC (“Wainwright”) acted as the exclusive placement agent for the offering pursuant to an engagement agreement\nbetween the Company and Wainwright dated as of July 7, 2026 (the “Engagement Agreement”). As compensation for such placement\nagent services in the offering, the Company has agreed to pay Wainwright an aggregate cash fee equal to 7.5% of the gross proceeds received\nby the Company from the offering, plus a management fee equal to 1.0% of the gross proceeds received by the Company from the offering,\naccountable expenses of $50,000, non-accountable expenses of $25,000 and $15,950 for clearing expenses. The Company has also agreed to\nissue to Wainwright or its designees warrants to purchase up to 165,041 shares of Common Stock (the “PA Warrants” and the\nshares of Common Stock issuable upon exercise of the PA Warrants, the “PA Warrant Shares”). The PA Warrants are immediately\nexercisable, have a term of twenty-four (24) months following the effective date of the Resale Registration Statement, and have an exercise\nprice of $1.6875 per share. Pursuant to the Engagement Agreement, the Company has also agreed to pay Wainwright a cash fee equal to 7.5%\nof the gross proceeds received by the Company from the ordinary course exercise of warrants previously placed by Wainwright, a management\nfee equal to 1.0% of the gross proceeds received by the Company from the ordinary course exercise of warrants previously placed by Wainwright\nand issue to Wainwright or its designees warrants to purchase up to 7.5% of the number of shares of Common Stock underlying any such exercised\nwarrants previously placed by Wainwright, which will be in the same form and terms as the PA Warrants.\n\n \n\nThe foregoing\nsummaries of the Inducement Letter Agreement, the Series J Warrants, and the PA Warrants do not purport to be complete and are subject\nto, and qualified in their entirety by, the forms of such documents attached as Exhibits 10.1, 4.1, and 4.2, respectively, to this Current\nReport on Form 8-K, which are incorporated herein by reference.\n\n \n\n 1"}