Syntec Optics, Pioneering Revolutionary Space Economy, To List On Nasdaq Via Merger With OmniLit
Portfolio Pulse from Benzinga Newsdesk
Syntec Optics, a provider of scientific and technical instruments and aerospace and defense optics, is set to list on Nasdaq via a merger with OmniLit. The company has been a pioneer in the manufacturing of scalable ultra-high precision optics for Low Earth Orbit (LEO) satellite systems. Syntec Optics is well-positioned to provide ultra-precision optics to enable the expanding market for satellites, which is projected by Morgan Stanley to reach $1 trillion by 2040.
October 23, 2023 | 2:05 pm
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OmniLit is set to merge with Syntec Optics, which is a leader in the manufacturing of scalable ultra-high precision optics for LEO satellite systems. This merger could potentially increase the value of OmniLit's shares due to Syntec's strong position in the expanding satellite market.
The merger with Syntec Optics, a company with a strong position in the expanding satellite market, could potentially increase the value of OmniLit's shares. Syntec's pioneering work in ultra-high precision optics for LEO satellite systems is likely to be a significant asset for OmniLit.
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