Highest-materiality recent filing
Syntec Optics prices $20M public offering of 2.86M shares at $7.00 per share
Underwritten offering of 2,857,142 shares at $7.00 per share; gross proceeds ~$20M; closing April 30, 2026.
Syntec Optics regains Nasdaq compliance for periodic filing requirement
Nasdaq notified non-compliance on Apr 16, May 28, and Aug 29, 2025.
Syntec Optics auditor Marcum resigns; CBIZ CPAs appointed Oct 10, 2025
Marcum LLP resigned as independent auditor on Oct 10, 2025; CBIZ CPAs P.C. engaged as replacement.
Syntec Optics expects to file delinquent 10-K and 10-Qs by Oct 13 Nasdaq deadline
Delayed FY2024 10-K and Q1/Q2 2025 10-Qs remain unfiled; Nasdaq exception until Oct 13, 2025.
Syntec Optics receives Nasdaq delinquency notice for late filings; targets Sept 15 filing date
Received Nasdaq delinquency notice for failure to file 10-K (2024) and 10-Qs (Q1, Q2 2025).
Syntec Optics receives Nasdaq delinquency notice for late 10-Q and 10-K filings
Nasdaq notified Syntec on May 28, 2025 of non-compliance with Listing Rule 5250(c)(1) due to late Form 10-Q (Q1 2025) and delinquent Form 10-K (FY 2024).
Syntec Optics receives Nasdaq delisting notice for late 10-K filing
Nasdaq notified Syntec Optics on April 16, 2025, of non-compliance with Listing Rule 5250(c)(1) due to late 10-K filing.
Director Joseph Mohr resigns from Syntec Optics board due to disagreement on operations and policies
Joseph Mohr resigned from the board on March 21, 2025 due to disagreement with company operations, policies, and practices.
Syntec Optics Q2 revenue $7.01M (+12% seq), guides Q3 $9.5-11M, turns EBITDA positive.
Net sales $7.01M, up 12% from Q1 2024; product sales up 20% YoY to $7.0M.
Legacy Syntec reports $0.97M net income for 9mo 2023 vs loss of $0.2M in 2022
Net sales $21.2M (9mo 2023) vs $20.8M (9mo 2022); gross profit $5.9M vs $4.2M.
Syntec Optics CEO details entry into communications market, new products, and M&A strategy
CEO Joseph Mohr says Syntec entered communications end market in 2023; prototyping in Q1/Q2, production in H2.
Syntec Optics completes SPAC merger, 1.05M shares redeemed, Al Kapoor controls 83.5%
Merger closed Nov 7, 2023; OmniLit renamed Syntec Optics Holdings, Inc.; shares started trading OPTX on Nasdaq Nov 8.
Syntec Optics completes SPAC merger with OmniLit; starts trading on Nasdaq as OPTX
Business combination closed Nov 7, 2023; common stock and warrants begin trading on Nasdaq Nov 8 under OPTX and OPTXW.
Holders of 1,051,450 Class A shares redeemed at ~$10.68/share, aggregate ~$11.23M.
OmniLit shareholders approve Syntec Optics merger; ~1.3M shares redeemed for $13.8M
Business Combination approved with >99.9% of votes cast in favor.
On March 21, 2025, Joseph Mohr resigned from his position as the Board of Directors (the “Board”) of Syntec Optics Holdings, Inc. (the “Company”).
On March 21, 2025, Joseph Mohr resigned from his position as the Board of Directors (the “Board”) of Syntec Optics Holdings, Inc. (the “Company”).
Mr. Nelson’s employment termination date is June 10, 2024 (the “Separation Date”) resigning from all positions including position as a non-employee Director on the Board of Directors, in lieu of an involuntary termination without cause.
The Company named Dean Rudy Chief Financial Officer (“CFO”), effective June 10, 2024.
Mr. Joe Mohr has been appointed Chief Manufacturing Officer, responsible for Syntec Optics sales, business development and revenue growth, and customer manufacturing excellence.
Mr. Al Kapoor has been appointed Chairman and CEO, responsible for the company’s strategy and potential bolt-on acquisitions.
Max materiality 0.80 · Median 0.60 · Most common event other_material