Item 5. Market for Registrant’s Common Equity
Item 5.
Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities .
Market
Information
Our
common stock and Warrants trade on the NASDAQ Capital Market under the symbols “LUCY” and “LUCYW,” respectively
since August 15, 2022. Prior to that date, there was no public market for our common stock or Warrants.
Holders
As
of December 30, 2022, the approximate number of holders of record of our common stock was 3,828 and the closing price of our common
stock was $1.37 per share. As of December 30, 2022, the approximate number of holders of record of our Warrants was 1 and the closing
price of our Warrants was $0.15 per Warrant.
Securities
Authorized for Issuance Under Equity Compensation Plans
See
“Item 11. Executive Compensation.”
Dividend
Policy
No
cash dividends have been paid on our common stock since our inception. We have no present intention to pay any cash dividends in the
foreseeable future.
Use
of Proceeds from Registered Securities
On
August 17, 2022, we consummated our initial public offering of 980,000 units at a price to the public of $7.50 per unit, each unit
consisting of one share of Common Stock and two Warrants, with each Warrant exercisable to acquire one share of common stock. The securities
sold in the offering were registered under the Securities Act on a registration statement on Form S-1 (No. 333-261616). The SEC declared
the registration statement effective on August 12, 2022. Of the gross proceeds received from the initial public offering, we received
approximately $6.1 million, and we paid a total of approximately $588,000 in underwriting discounts and commissions and $600,000 for
other costs and expenses related to the initial public offering. No payments were made by us to directors, officers or persons owning
ten percent or more of our common stock or to their associates, or to our affiliates. There has been no material change in the planned
use of proceeds from our initial public offering as described in our final prospectus filed with the SEC on August 16, 2023, pursuant
to Rule 424(b).
Recent
Sales of Unregistered Securities
The
Company did not issue any unregistered securities during the three months ended December 31, 2022.
Item 6.
Reserved .
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