SYNTEC OPTICS HOLDINGS, INC. (OPTX) received an amended Schedule 13D from its chairman and CEO, Al Kapoor, updating his beneficial ownership after a reported gift of shares. Kapoor now beneficially owns 29,631,090 shares of common stock, representing 73.56% of Syntec Optics’ outstanding common stock, based on 40,279,878 shares outstanding as reported in the company’s Form 10-Q filed August 10, 2026.
On September 18, 2026, Kapoor gifted 1,000,000 shares of Class A common stock to irrevocable trusts for which he does not exercise or share voting or investment control, and he disclaims beneficial ownership of those trust-held shares. He reports sole voting and dispositive power over his remaining 29,631,090 shares and no shared voting or dispositive power.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) reported that Chairman and CEO Alok Kapoor made a bona fide gift transfer of 1,000,000 shares of Class A Common Stock on September 18, 2026. The shares were gifted to irrevocable trusts for which he does not exercise or share voting or investment control, and his direct holdings in this security after the transaction are reported as 0 shares.
For SYNTEC OPTICS HOLDINGS, INC. (OPTX), director Albert Manzone reported two open-market purchases of Class A Common Stock. On April 14, 2026, he purchased 5,000 shares at $10.00 per share, and on August 19, 2026, he purchased 3,681 shares at a price of $8.1218 per share, all held directly.
Syntec Optics Holdings, Inc. (OPTX) reported that its Audit Committee dismissed CBIZ CPAs P.C. as independent registered public accounting firm on August 19, 2026, and concurrently approved the appointment of WithumSmith+Brown, PC as successor auditor starting with the quarter ending September 30, 2026 and the audit for 2026.
The company states that CBIZ CPAs’ audit report on the consolidated financial statements for the year ended December 31, 2025 contained no adverse opinion, disclaimer, or qualification, and that there were no disagreements on accounting principles, financial disclosure, or audit scope, and no reportable events other than disclosed material weaknesses in internal control over financial reporting, including lack of formal control documentation, inadequate reconciliations, related-party controls, non‑routine transaction controls, and IT general controls, cyber security, and SOC‑1 review controls.
Syntec Optics Holdings reported net sales of $8.27 million for the quarter ended June 30 2026, up 26% from the prior-year quarter, driven by growth across communication, consumer, defense and medical end-markets. Quarterly net income was $0.26 million, compared with a loss of $0.34 million a year earlier, though the company posted a six‑month net loss of $0.64 million as higher material costs and a weak first quarter reduced gross margin to 21% year‑to‑date.
Cash increased to $14.05 million as of June 30 2026, supported by an underwritten public offering totaling 3,285,713 shares of common stock that generated about $21.4 million in net proceeds. Syntec used roughly $6.8 million to repay and cancel its M&T Bank line of credit, lowering total liabilities to $8.36 million and leaving stockholders’ equity at $30.48 million.
Subsequent to quarter-end, Syntec filed a resale registration covering up to 30,706,090 already outstanding shares held by selling stockholders, including senior leaders, from which it will receive no proceeds. Management disclosed multiple material weaknesses in internal control over financial reporting and outlined remediation efforts, while highlighting recent inclusion of the common stock in the Russell 3000® Index.
Syntec Optics Holdings, Inc. reported weaker results for the quarter ended March 31, 2026, with net sales of $6.5 million versus $7.1 million a year earlier and gross margin compressing to 15% from 33%. The company swung to a net loss of $897,857, compared with net income of $323,665 in the prior-year quarter, as cost of goods sold rose to 85% of sales, driven in part by higher material costs, particularly aluminum.
Adjusted EBITDA was a loss of $96,080, down from positive $1.39 million a year ago. Subsequent to quarter-end, Syntec completed an underwritten public offering of 2,857,142 shares at $7.00 per share, plus an additional 428,571 shares from the underwriter’s option, generating aggregate net proceeds of about $21.5 million. The company used part of this cash to fully repay its $6.8 million revolving line of credit with M&T Bank and obtained a waiver of covenant breaches as of March 31, 2026; the $7.5 million facility now matures on June 30, 2027 and requires minimum liquidity of $7.5 million with M&T.
As of March 31, 2026, Syntec held $617,007 in cash and $23.5 million in total assets, with total liabilities of $14.8 million. The company continues to report multiple material weaknesses in internal control over financial reporting and has outlined remediation steps including stronger governance, added staffing, and more formalized processes.
Syntec Optics Holdings, Inc. filed an amendment to its annual report to add the full Part III disclosures on directors, executive compensation, security ownership, related-party transactions and principal accountant fees. The company confirms it is a Nasdaq-listed controlled company, with Al Kapoor serving as Chairman and Chief Executive Officer.
The filing describes three independent directors, fully constituted audit, compensation, and nominating committees, and a code of ethics and insider trading policy. It outlines a pay program focused on salary, potential bonuses and future equity awards, and discloses highly concentrated ownership, with insiders holding the vast majority of outstanding common shares.
Syntec Optics Holdings, Inc. entered an underwriting agreement for a primary public offering of 2,857,142 shares of common stock at $7.00 per share, raising expected gross proceeds of about $20 million before fees and expenses. Underwriters will purchase the shares at $6.58 per share and hold a 30‑day option to buy up to 428,571 additional shares on the same terms.
The company plans to use net proceeds to acquire or invest in complementary businesses, technologies, products or assets, and also for working capital, capital expenditures and potential debt repayment, including a subordinated term note of about $1.27 million. Syntec agreed to a 90‑day lock-up on new equity issuances and a six‑month restriction on variable rate equity transactions, while officers and directors signed 90‑day lock-up agreements on their holdings.
Bishop Walter A. reported acquisition or exercise transactions in this Form 4 filing.
Syntec Optics Holdings, Inc. director Walter A. Bishop reported an award of 24,646 Restricted Stock Units on February 20, 2026. Each RSU represents a contingent right to receive one Class A common share at $4.06 and is fully vested, with shares provided to the transfer agent and subject to transfer and trading restrictions.
Following this grant, Bishop’s reported holdings include 25,000 Class A common shares and 101,966 RSUs, all held directly.
SYNTEC OPTICS HOLDINGS, INC. director Albert Manzone reported an equity compensation grant in the form of Restricted Stock Units. On February 20, 2026, he acquired 24,646 RSUs at a price of $0.00 per unit, classified as a grant, award, or other acquisition.
Each RSU represents a contingent right to receive one Class A common share at $4.06, is fully vested, and the related shares have been provided to the transfer agent, subject to transfer and trading restrictions. Following this grant, ownership reported includes 25,000 shares and 101,966 RSUs.