OmniLit Acquisition Corp. Announces Effectiveness Of Registration Statement And October 31, 2023 Annual Meeting Of Stockholders To Approve Business Combination With Syntec Optics, Inc.
Portfolio Pulse from Benzinga Newsdesk
OmniLit Acquisition Corp. (NASDAQ:OLIT) has announced that its registration statement on Form S-4, relating to the business combination with Syntec Optics, Inc., has been declared effective by the U.S. Securities and Exchange Commission. The Annual Meeting to approve the proposed business combination is scheduled to be held on October 31, 2023. If approved, the combined entity will commence trading on the Nasdaq under the new ticker symbols 'OPTX' and 'OPTXW'.
October 06, 2023 | 4:50 pm
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OmniLit's business combination with Syntec Optics has been approved by the SEC. The final approval will be decided at the Annual Meeting on October 31, 2023. If approved, the combined entity will trade under new symbols 'OPTX' and 'OPTXW'.
The news is directly related to OmniLit and its proposed business combination with Syntec Optics. The SEC's approval is a positive step, but the final decision will be made at the Annual Meeting. If approved, this could lead to changes in the company's stock trading, but the impact on the stock price is uncertain until the final decision is made.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100