---
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"
generated_at: "2026-06-15T07:10:13.831615+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OmniLit Acquisition Corp. signs merger agreement with Syntec Optics

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-016220
- JSON: https://secwatch.observer/filing/0001493152-23-016220.json
- Plain text: https://secwatch.observer/filing/0001493152-23-016220.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: merger
  - Counterparty: OmniLit Acquisition Corp.
  - Value: Business Combination Agreement: merger of Merger Sub with Syntec Optics; issuance of ~31.6M shares t
  - Effective: 2023-05-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1866816/000149315223016220/0001493152-23-016220-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.