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Syntec Optics Holdings (OmniLit Acquisition) Priced, Nasdaq: OPTX

Blank check company formed by the founder of Syntec Optics targeting advanced manufacturing (completed 11/7/2023).

Industry: SPAC

Latest Trade: $3.67 0.00 (0.0%)

First Day Return: +0.6%

Return from IPO: -63.3%

Industry: SPAC

OmniLit Acquisition Corp. is a newly organized blank check company. It currently intends to concentrate our efforts in identifying high quality businesses in the advanced manufacturing industry, specifically the photonics or optics products, services, and end markets, and related products, services, and end-markets. Within this focus, we will seek to pursue opportunities with businesses that have potential to utilize advanced manufacturing technology to provide cutting edge optics and photonics solutions and services to customers in a diverse set of market verticals where our sponsor’s operational, strategic or managerial expertise can assist in maximizing value. We believe there are disruptive forces in society creating increased demand for optics and photonics imagers, sensors, and detectors. Society is trending towards data everywhere, more intelligent automation, and light-based security. We believe we will be able to provide significant value due to our ability to drive growth, global scaling and profitability in businesses along with our understanding of complex business situations and structures. Our sponsor is an affiliate of Al Kapoor, our CEO and Chairman. Of note, Mr. Kapoor has built Syntec Optics, a full-service and integrated optics and photonics solution provider over the last 20+ years through a combination of strategic acquisitions, operational improvements and focused end market expansion and diversification.
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IPO Data
IPO File Date 10/06/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.5
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/08/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.5
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Imperial Capital
I-Bankers Securities
Company Data
Headquarters Miami Beach, FL, United States
Founded 2021
Employees 3

Syntec Optics Holdings (OmniLit Acquisition) (OPTX) Performance