SCHEDULE: Intracoastal Capital Discloses 9.99% Stake in Innovative Eyewear

Intracoastal Capital LLC, along with Mitchell P. Kopin and Daniel B. Asher, reported a 9.99% beneficial ownership stake in Innovative Eyewear, Inc. common stock.

Summary

• Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC (collectively, the "Reporting Persons") have filed an Amendment No. 2 to Schedule 13G.
• The Reporting Persons beneficially own 507,724 shares of Innovative Eyewear, Inc. common stock, representing 9.99% of the class.
• This beneficial ownership includes 102,698 shares issuable upon exercise of Intracoastal Warrant 1 and 405,026 shares issuable upon exercise of Intracoastal Warrant 2.
• The percentage of class is calculated based on 4,574,602 shares of Common Stock outstanding as of August 7, 2025, as reported by the Issuer, plus the exercisable warrant shares.
• Several warrants (Intracoastal Warrants 2, 3, 4, and 5) contain blocker provisions that prevent the holder from exercising them to the extent that beneficial ownership would exceed 9.99% or 4.99% thresholds.
• Without these blocker provisions, the Reporting Persons would have been deemed to beneficially own 2,328,217 shares of Common Stock.
• The Reporting Persons disclaim any intent to change or influence control of Innovative Eyewear, Inc.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or forward-looking statements.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: Disclosure of a significant passive institutional stake provides transparency regarding ownership structure.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by a passive investor group. It does not contain financial performance data, strategic updates, or any indication of activist intent that would warrant a change in investment recommendation based solely on this document. The presence of blocker provisions further reinforces the passive nature of the investment. Therefore, a 'hold' recommendation is appropriate as this filing provides no new information to alter an existing investment thesis.

Keywords

Innovative Eyewear Inc., Intracoastal Capital LLC, Mitchell P. Kopin, Daniel B. Asher, Schedule 13G, beneficial ownership, common stock, warrants, institutional investor, equity stake