other material
confidence high
sentiment neutral
materiality 0.60
OmniLit Acquisition Corp. reports shareholder redemption reversals; ~$1.8M to remain for Syntec Optics deal
SYNTEC OPTICS HOLDINGS, INC.
- Holders of 1,051,450 Class A shares redeemed at ~$10.68/share, aggregate ~$11.23M.
- After redemptions and closing expenses, trust expected to hold ~$1.8M for Syntec Optics business combination.
- Total trust remaining estimated at $3.17M after redemptions.