leadership
confidence high
sentiment neutral
materiality 0.25
OmniLit Acquisition Corp. appoints new directors, grants them 25,000 Class B shares each
SYNTEC OPTICS HOLDINGS, INC.
- New directors appointed April 3, 2023, to receive 25,000 shares of Class B common stock via Profits Interest Agreement.
- Shares vest upon successful business combination and continued service; forfeited if no combination or terminated for cause.
- Sponsor assigns economic interest in Founder Shares; directors have no voting rights until shares allocated.
- Directors must execute joinder to standard letter and indemnity agreements.