OmniLit Acquisition Corp. Shareholders Approve Syntec Optics Merger
Portfolio Pulse from Benzinga Newsdesk
OmniLit Acquisition Corp. (OLIT) shareholders have approved the merger with Syntec Optics, Inc. Over 99.9% of the votes cast at the Annual Meeting were in favor of the business combination. OLIT plans to file the results with the SEC on a Form 8-K.
October 31, 2023 | 7:15 pm
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POSITIVE IMPACT
The approval of the merger with Syntec Optics by OmniLit Acquisition Corp. shareholders could potentially lead to a positive impact on the company's stock.
The approval of the merger by a significant majority of shareholders indicates strong support for the deal, which could boost investor confidence and potentially lead to a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100