OmniLit Acquisition Corp.
Status: Deal Closed
U=S+W/2
W=S@11.5
| IPO Proceeds, $M | $143.75M |
|---|---|
| IPO Date | Nov 9, 2021 |
| CEO | Al Kapoor |
| Left Lead | Imperial Capital |
| IPO Cash in Trust | 102.0% |
| SPAC Tenor | 15 + 9 |
| IPO Sector |
Industrial
Advanced manufacturing industry, specifically the photonics or optics sectors, and related sectors, with an enterprise value of approximately $350 million to $750 million. |
| IPO Geography | Global |
| Target Company | Syntec Optics |
| Deal Announced | May 10, 2023 |
| Deal Size, $M | $385.00M |
| Deal Sector | Industrial |
| Deal Geography | US/Canada |
| SEC Filings | www.sec.gov |
| Approval Vote | Oct 31, 2023 |
| Amendment Vote | Dec 21, 2022 |
| Closing Date | Nov 7, 2023 |
Formerly OLIT
OPTX
OPTXW
| Price | $0.90 |
|---|---|
| Last closing price | $0.92 |
| H/L, today | $0.89 / $0.96 |
| Volume, today | 67,070 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 10 directors & officers
- 32 filings and events
- 2 underwriters
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Al Kapoor | 53 | Chief Executive Officer and Chairman of the Board of Directors |
| Robert O. Nelson II | 49 | Chief Financial Officer |
| Skylar M. Jacobs | 27 | Chief Operating Officer |
| Kent R. Weldon | 54 | Director |
| Mark D. Norman | 54 | Director |
| James M. Jenkins | 57 | Director |
| Mark D. Norman | Director | |
| Wally Bishop | Director | |
| Brent Rosenthal | Director | |
| Albert Manzone | Director |
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Advisors
Underwriters
| Imperial Capital | Joint BR | 10,000,000 | units |
| I-Bankers Securities | Joint BR | 2,500,000 | |
| 12,500,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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