OmniLit Acquisition Corp.
OLITU
NASDAQ Global Market9.10
USD
-0.40
- -
OmniLit Acquisition Corp.
OLITU
(NASDAQ Global Market)
Recent
price
9.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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.- Similar Companies
- Business
- OmniLit Acquisition Corp. OmniLit Acquisition Corp. is a blank check company whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on companies in the optics, photonics, and related advanced manufacturing sectors; it offers no operational products or services of its own. The company, founded in 2021 and headquartered in Miami Beach, Florida, raised $143.75 million through its initial public offering in late 2021 to fund such transactions and targets businesses serving defense, medical, industrial, consumer, and communication markets primarily in North America. In a major development, OmniLit completed a reverse merger with Syntec Optics, Inc., an ultra-high precision optics and photonics manufacturer, on November 7, 2023, resulting in the combined entity operating as Syntec Optics Holdings, Inc. (Nasdaq: OLIT), which produces integrated optics components, sub-systems, and systems including camera modules, single point diamond turned optics such as microlens arrays and aspheres, polymer and glass molding, thin film coatings, precision machining, and opto-mechanical assemblies for applications in Low Earth Orbit satellites, night vision goggles, biomedical imaging, laser guidance, and consumer technologies like VR/AR and machine vision.