secwatch.observer — SEC 8-K summary
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Issuer:     SYNTEC OPTICS HOLDINGS, INC. (OPTX)
CIK:        0001866816
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001493152-23-003688
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

OmniLit resolves Nasdaq minimum publicly held shares deficiency; sponsor converts 1M Class B shares to Class A
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- Nasdaq notified OmniLit on Feb 1 for failing the 1.1M publicly held shares rule; company responded Feb 3 showing 1,348,049 shares; matter closed Feb 6.
- OmniLit Sponsor LLC voluntarily converted 1,000,000 Class B shares into 1,000,000 Class A shares on Jan 31, 2023.
- Post-conversion, the company has 2,348,049 Class A and 3,791,667 Class B shares; only the Sponsor is a 10%+ beneficial owner.
- The Nasdaq compliance issue is resolved; the Company remains listed on the Nasdaq Global Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866816/000149315223003688/0001493152-23-003688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866816/000149315223003688/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-003688

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