OmniLit Acquisition Corp. closes IPO of 14.375M units at $10.00, gross proceeds $143.75M

SYNTEC OPTICS HOLDINGS, INC.

IPO of 14,375,000 units at $10.00/unit generated gross proceeds of $143,750,000.
Concurrent private placement of 6,920,500 warrants at $1.00/warrant raised $6,920,500.
Total of $146,625,000 deposited in trust account for benefit of public stockholders.
Trust includes $5,031,250 of deferred underwriting commissions payable only upon business combination.
Balance sheet shows $1.58M cash outside trust for working capital; no operations yet.

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