secwatch.observer — SEC 8-K summary
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Issuer:     SYNTEC OPTICS HOLDINGS, INC. (OPTX)
CIK:        0001866816
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0001493152-23-011684
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

OmniLit receives Nasdaq non-compliance notices; sponsor converts shares to cure
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- Nasdaq notified OmniLit that MVLS fell below $50M required for Global Market listing.
- Also failed to meet $15M MVPHS; granted 180-day cure period or may transfer to Capital Market.
- Sponsor voluntarily converted 3M Class B shares to Class A on April 5, 2023.
- Nasdaq requires 10 consecutive trading days at ≥$50M MVLS after conversion to regain compliance.
- Company has 5,348,049 Class A shares and 791,667 Class B shares post-conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866816/000149315223011684/0001493152-23-011684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866816/000149315223011684/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-011684

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