What changed
Innovative Eyewear develops and sells smart eyeglasses and sunglasses under the Lucyd Lyte and Nautica Powered by Lucyd brands. Their products allow users to listen to music, take calls, and use voice assistants hands-free while offering prescription and sun protection. The company also developed the Vyrb social media app.
Key risk: Limited operating history in the emerging smart eyewear market
Proceeds: General corporate and working capital purposes, Other purposes deemed in the best interest of the Company by the Board of Directors
Why it matters
Innovative Eyewear develops and sells smart eyeglasses and sunglasses under the Lucyd Lyte and Nautica Powered by Lucyd brands. Their products allow users to listen to music, take calls, and use voice assistants hands-free while offering prescription and sun protection. The company also developed the Vyrb social media app.