Syntec Optics Holdings, Inc. filings document the regulatory record of a public precision optics and photonics manufacturer with common stock and redeemable warrants. The company’s disclosures cover operating results, registration statements, capital-structure matters, risk factors, governance matters and material events tied to its optics manufacturing business.
Recent filing topics include annual meeting votes, director elections, auditor ratification, equity incentive plan matters, certificate-of-incorporation amendments and public offering disclosures. Form 8-K reports also document financial-result releases, changes involving the independent registered public accounting firm, internal-control matters, Nasdaq listing-rule notices and the company’s subsequent compliance status. Registration-statement disclosures describe securities issuance, corporate governance, risk factors and the company’s financing framework.
Syntec Optics Holdings, Inc. (OPTX) completed a reverse recapitalization and reported consolidated 2024 results showing 36,688,266 shares outstanding. Revenue disclosed by end-market totaled about $4.9M in 2024 versus $4.8M in 2023. The company reported a basic and diluted net (loss) income per share of $(0.07) in 2024 versus $0.06 in 2023. Cash flows show a $1,559,458 decrease in cash in 2024. Total current liabilities were about $10.6M and total long-term debt was approximately $3.15M. The company had $6,263,863 outstanding under a line of credit at year-end and disclosed it was not in compliance with loan covenants as of December 31, 2024 but obtained a lender waiver dated March 21, 2025. Significant customer concentration remains, with ~48% of revenues from three customers in 2024. The company maintains cybersecurity governance reporting to the board and has governance certificates among directors.
Syntec Optics Holdings, Inc. reported that it has fallen behind on key SEC filings, including its Form 10-K for the year ended December 31, 2024, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025. Nasdaq has granted the Company an exception to the continued listing requirements for a maximum of 180 days, through October 13, 2025.
The Company states that its auditors have substantially completed their procedures for these periods. The subject matter review is complete and the engagement quality review is nearing completion, and Syntec Optics anticipates a simultaneous release of all three reports.
Syntec Optics Holdings, Inc. reported that it remains delayed in filing its 2024 Form 10-K and its Form 10-Q reports for the quarters ended March 31, 2025 and June 30, 2025. Nasdaq has granted an exception period for the company to regain compliance with all delinquent filings for up to 180 calendar days from the due date of the initial delinquent filing, or October 13, 2025. The company states that its auditors have substantially completed their procedures, with remaining work focused on final engagement quality review and national office quality control comments. Once these reviews are finalized, Syntec Optics expects the administrative steps and approvals needed to file the Form 10-K and both Form 10-Qs to be completed within about two additional days, and it indicates it is working closely with its auditors to complete the process as soon as practicable.
Syntec Optics Holdings reported that Nasdaq has sent another delinquency notice because the company has not filed its Form 10-K for the year ended December 31, 2024 and its Forms 10-Q for the quarters ended March 31, 2025 and June 30, 2025, leaving it out of compliance with Nasdaq Listing Rule 5250(c)(1).
Nasdaq previously granted an exception through October 13, 2025 to allow Syntec Optics to become current on all these reports. The company plans to submit an updated compliance plan by September 5, 2025 and held an audit committee meeting on September 4, 2025 that approved filing the 10-K after auditors presented their results. Another audit committee meeting is scheduled for September 11, 2025 for the two 10-Qs, and the company is targeting September 15, 2025 to file the 10-K and both 10-Qs to regain compliance.