OmniLit Acquisition Corp.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Al Kapoor
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1111 Lincoln Road Miami Beach FL United States of America 33139
- IPO Date
- Jan 26, 2022
- CIK
- 0001866816
- Similar Companies
- Business
- OmniLit Acquisition Corp. (NASDAQ: OLIT) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business activity centers on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a targeted focus on companies and assets within the photonics, optics, and related advanced manufacturing sectors; it offers no independent products or services beyond its structure to identify, underwrite, and complete such transactions, relying on trust proceeds from its initial public offering for funding these activities. Incorporated in 2021 and headquartered in Miami Beach, Florida, the company raised $143.75 million in its November 2021 IPO to pursue opportunities in light-enabled technologies underpinning defense, biomedical, communications, and consumer applications, with geographic operations centered in the United States and potential for global target exposure. In a pivotal strategic shift, OmniLit completed a reverse merger with Syntec Optics, Inc. on November 7, 2023, approved by shareholders on October 31, 2023 with over 99.9% support despite 97.94% redemptions leaving approximately $3.17 million in trust; post-combination, the entity rebranded as Syntec Optics Holdings, Inc. (NASDAQ: OPTX), transitioning from a shell structure to an operating optics and photonics manufacturer producing polymer and glass optics, lenses, opto-mechanical assemblies, thin-film coatings, nanomachining, and custom tooling for mission-critical uses in night vision, satellite communications, medical imaging, and defense systems, while OLIT shares reflect the legacy SPAC vehicle now integrated into this platform with ongoing Nasdaq trading.
Correction: Syntec Optics, Inc., a Leading Advanced Manufacturing Company, Completes Business Combination with OmniLit (Nasdaq: OLIT) and will Commence Trading on Nasdaq Under Ticker Symbol “OPTX”
Syntec Optics, Inc., a Leading Advanced Manufacturing Company, Completes Business Combination with OmniLit (Nasdaq:OLIT) and Will Commence Trading on Nasdaq Under Ticker Symbol “OPTX”
Syntec Optics, Inc. Listing on Nasdaq via Merger with OmniLit (Nasdaq: OLIT) Announces NASDAQ Opening Bell Ringing to Celebrate
Why Is OmniLit Acquisition (OLIT) Stock Up 61% Today?
OmniLit Acquisition Corp. Shareholders Approve Syntec Optics Merger
Syntec Optics, Pioneering Revolutionary Space Economy, to List on Nasdaq via Merger with OmniLit (Nasdaq: OLIT)
Syntec Optics, Merging with OmniLit (Nasdaq: OLIT), to Exhibit at SPIE Optifab 2023
Syntec Optics, Merging with OmniLit (Nasdaq: OLIT), Reshores Night Vision Optics
OmniLit Acquisition Corp. (Nasdaq: OLIT) Announces Effectiveness of Registration Statement and October 31, 2023 Annual Meeting of Stockholders to Approve Business Combination with Syntec Optics, Inc.