Connect with us

Headlines

Innovative Eyewear Plans IPO

The company is a U.S. subsidiary of Lucyd Ltd.

mm

Published

on

Tekcapital Plc announced that Innovative Eyewear Inc., a U.S. subsidiary of its portfolio company Lucyd Ltd., plans to go public.

Innovative made a filing with the U.S. Securities and Exchange Commission for a proposed initial public offering of shares of its common stock.

Tekcapital (AIM: TEK, OTCQB: TEKCF) currently owns 100 percent of the share capital of Lucyd and about 80 percent of the share capital of Innovative.

The number of shares of common stock to be sold and the price range for the proposed IPO have not yet been determined, according to a press release from Tekcapital. As such, it’s not known how much the IPO proceeds might be.

Innovative plans to begin the sale of its securities in the IPO following completion of the SEC review process, subject to market and other conditions. The shares would be listed on the Nasdaq under the ticker LUCY.

Advertisement

SPONSORED VIDEO

SPONSORED BY VARILUX

The Best Overall Progressive Lens, Now Powered by AI

Engineered with Behavioral Artificial Intelligence and utilizing new XR-motion™ technology, Varilux XR series goes beyond prescription and eye physiology to consider the patient’s visual behavior and design a progressive lens that respects how
their eyes naturally move.

Varilux XR series comes in two versions, Varilux® XR design and Varilux® XR track. The Varilux XR track lens provides an additional level of personalization by incorporating the exclusive Near Vision Behavior Measurement, providing up to 25% more near vision width3 according to the patient’s need, so patients get the highest level of customization.

Discover Varilux XR series and enjoy instantly sharp vision in motion4 and seamless transitions from near to far.

For more information, visit here.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Advertisement

Most Popular