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OmniLit Acquisition Corp. - $olit STOCK NEWS

Welcome to our dedicated page for OmniLit Acquisition news (Ticker: $olit), a resource for investors and traders seeking the latest updates and insights on OmniLit Acquisition stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OmniLit Acquisition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OmniLit Acquisition's position in the market.

Rhea-AI Summary
Syntec Optics, Inc. completed a business combination with OmniLit Acquisition Corp., creating Syntec Optics Holdings, Inc. The common stock and warrants are expected to trade on Nasdaq under the symbols 'OPTX' and 'OPTXW', respectively. The transaction was approved by over 99.9% of OLIT's shareholders. The company aims to use the proceeds to develop and deploy new optics and photonics products and grow its existing core business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.3%
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Rhea-AI Summary
Syntec Optics, Inc. will ring the opening Nasdaq bell to celebrate its initial listing. The company has received the Nasdaq approval letter for listing and intends to complete the merger with OmniLit Acquisition Corp. on November 7, 2023. CEO Joe Mohr highlighted the recent launch of satellite optics for Low Earth Orbit and Viper, the light-weight night vision defense optics, with more new product launches on the way.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.3%
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Rhea-AI Summary
OmniLit Acquisition Corp. (OLIT) shareholders have approved the business combination with Syntec Optics, Inc. at the Annual Meeting. Over 99.9% of the votes cast were in favor. OLIT plans to file the meeting results with the SEC on a Form 8-K.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.18%
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Rhea-AI Summary
Syntec Optics expands U.S. manufacturing capacity in Rochester NY to meet game-changing Low Earth Orbit Satellite Mega-Constellation launch schedule
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Rhea-AI Summary
Syntec Optics launches new light-weight eyepieces and objectives lenses for night vision goggles, called Viper, to address increasing demand for U.S.-produced night vision lens-systems.
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Rhea-AI Summary
OmniLit Acquisition Corp.'s registration statement on Form S-4 has been declared effective by the SEC, moving forward with its business combination with Syntec Optics, a leading optics and photonics company. The Annual Meeting to approve the business combination is scheduled for October 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
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Rhea-AI Summary
Syntec Optics, Inc. has entered into a definitive business combination agreement with OmniLit Acquisition Corp. Upon closing, OmniLit will be renamed Syntec Optics Holdings, Inc. and listed on Nasdaq under the new ticker OPTX. Syntec Optics plans to expand its advanced manufacturing operations and enter new end-markets. The business combination is not conditioned on any cash at close.
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OmniLit Acquisition Corp.

Nasdaq:OLIT

OLIT Rankings

OLIT Stock Data

51.82M
1.35M
26.47%
0.02%
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Financial Services
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United States
Miami Beach