OmniLit Acquisition Corp. closes $143.75M IPO; $146.6M deposited in trust

SYNTEC OPTICS HOLDINGS, INC.

IPO of 14,375,000 units at $10/unit, including full exercise of over-allotment option; gross proceeds $143.75M.
Net proceeds of $146.6M from IPO and private placement deposited into trust account for public stockholders.
Private placement of 6,920,500 warrants at $1.00 each raised $6.92M from sponsor and underwriters.
Units began trading on Nasdaq on Nov 9 under ticker OLITU; each unit is 1 share Class A + 1/2 warrant.
SPAC to focus on business combination targets in advanced manufacturing, optics, and photonics.

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