8-K
Syntec Optics Holdings, Inc. (OPTX)
View as plain text
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 19, 2022
OMNILIT
ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
| Delaware | 001-41034 | 87-0816957 |
|---|---|---|
| (State<br> or other jurisdiction of<br><br> <br>incorporation<br> or organization) | (Commission<br><br> <br>File<br> Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> Number) |
| 1111<br> Lincoln Road,<br> Suite<br> 500<br><br> <br>Miami<br> Beach FL | 33139 | |
| --- | --- | |
| (Address of principal executive<br> offices) | (Zip Code) |
Registrant’s telephone number, including area code: (786) 750-2820
NotApplicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Units, each consisting of<br> one share of Class A common stock, $0.0001 par value per share, and one-half of one redeemable warrant | OLITU | The Nasdaq Stock Market<br> LLC |
| Class A common stock, par<br> value $0.0001 per share | OLIT | The Nasdaq Stock Market<br> LLC |
| Warrants, each whole warrant<br> exercisable for one share of Class A common stock | OLITW | The Nasdaq Stock Market<br> LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item8.01. Other Events.
On December 19, 2022, OmniLit Acquisition Corp. (the “Company”) issued a press release regarding the signing of a letter of intent for merger with an affiliate company. A copy of the press release is attached hereto as Exhibit 99.1.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Press Release |
|---|---|
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: December 19, 2022
| OmniLitAcquisition Corp. | |
|---|---|
| By: | /s/ Al Kapoor |
| Name: | Al<br>Kapoor |
| Title: | Chairman<br>and Chief Executive Officer |
Exhibit99.1
OmniLitAcquisition Corp. (Nasdaq: OLIT) Evaluates Optics and Photonics Merger Opportunities
OmniLit Acquisition Corp. Signs Letter of Intent
NEWS PROVIDED BY
OmniLit Acquisition Corp.
Not published yet
OmniLit Acquisition Corp (NASDAQ:OLIT)
MIAMI BEACH, FLORIDA, USA, December 19, 2022/EINPresswire.com/ — OmniLit Acquisition Corp. (“OLIT”) a publicly traded optics and photonics focused special purpose acquisition company, signed a letter of intent for a business combination with an affiliate company (the “Target”) that seeks to become a publicly listed company with an estimated Enterprise Value in the range outlined in OLIT’s IPO prospectus. Signing of a definitive agreement is contingent upon review by a Special Committee of independent directors.
The Target is an advanced manufacturer of optics and photonics components and sub-systems with a strategy to continue to acquire and invest in unique high operating margin optics and photonics companies in a vast opportunity set within a highly fragmented market.
“The upside of having a vertically-integrated optics and photonics manufacturing operation for mission-critical applications is that it tends to generally be recession-resistant and has stable earnings due to the counter-cyclicality of end-markets, as currently seen in across defense, biomedical, and consumer” said Robert Nelson II, CFO of OLIT. “We also believe the Target, along with its acquisitions, will see gains through tailwinds emerging from increasing global conflict, intelligent automation, and ubiquitous data.”
Skylar Jacobs, OLIT COO, said, “OLIT believes that an investment in an optics and photonics platform presents a compelling opportunity to ultimately participate in several end-markets with estimated size in billions of dollars. The use of optics and photonics will ultimately enable future technologies ranging from DNA editing, terabit communication, extended reality, quantum computing, and directed energy.”
About OmniLit Acquisition Corp.
OmniLit Acquisition Corp. (OLIT) is a blank check company concentrated on identifying high quality businesses with optics and photonics capabilities for a business combination.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to OLIT’s search for an initial business combination and the anticipated use of net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of OLIT, including those set forth in the Risk Factors section of OLIT’s registration statement and prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. OLIT undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
This press release may contain financial information about the OLIT merger. Neither OLIT’s independent auditors, nor the independent registered public accounting firm of OLIT, audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this press release, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this press release. Any projections here are forward-looking statements and should not be relied upon as being necessarily indicative of future results. The projected financial information contained in this press release constitutes forward-looking information. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. There can be no assurance that the prospective results are indicative of future performance of OLIT or that actual results will not differ materially from the results presented in the prospective financial information contained in this press release. Actual results may differ materially from the results contemplated by the projected financial information contained in this press release. The inclusion of such information in this press release should not be regarded as a representation by any person that the results reflected in such projections will be achieved.
Skylar Jacobs
OmniLit Acquisition Corp.
info@omnilitac.com