{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-016220","form_type":"8-K","ticker":"OPTX","cik":"0001866816","company_name":"SYNTEC OPTICS HOLDINGS, INC.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.383390+00:00","generated_at":"2026-06-15T07:10:13.831615+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"OmniLit Acquisition Corp. signs merger agreement with Syntec Optics","bullets":["On May 9, 2023, OmniLit entered into a Business Combination Agreement with Syntec Optics and Merger Sub.","Syntec Optics stockholders will receive ~31.6M OmniLit Class A shares; plus 26M contingent earnout shares at $12.50/$14/$15.50 price thresholds.","Additional performance earnout of up to 2M shares for management based on 2024/2025 revenue and adjusted EBITDA targets ($75M/$22.6M and $196M/$50.6M).","Syntec Optics is an affiliate of sponsor; CEO/Chair Al Kapoor also chairman and majority stockholder of Syntec Optics (related-party transaction).","Board and Special Committee unanimously approved; Benchmark Company provided fairness opinion; closing requires stockholder approval and Nasdaq listing."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-016220","json":"https://secwatch.observer/filing/0001493152-23-016220.json","markdown":"https://secwatch.observer/filing/0001493152-23-016220.md","text":"https://secwatch.observer/filing/0001493152-23-016220.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866816/000149315223016220/0001493152-23-016220-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866816/000149315223016220/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:10:13.831615+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"61f400dd7128d35e06806dd6fc6b79242beb4dc3","claim":"SYNTEC OPTICS HOLDINGS, INC. entered into Agreement and Plan of Merger with OmniLit Acquisition Corp. valued at Business Combination Agreement: merger of Merger Sub with Syntec Optics; issuance of ~31.6M shares t (effective 2023-05-09).","evidence_excerpt":"On May 9, 2023, OmniLit entered into an Agreement and Plan of Merger (the \" Business Combination Agreement \") with Syntec Optics, Inc., a Delaware corporation (\" Syntec Optics \"), and Optics Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of OmniLit (\" Merger Sub \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866816/000149315223016220/0001493152-23-016220-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"OmniLit Acquisition Corp."},{"label":"Value","value":"Business Combination Agreement: merger of Merger Sub with Syntec Optics; issuance of ~31.6M shares t"},{"label":"Effective","value":"2023-05-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}