SYNTEC OPTICS (OPTX) Relocates HQ to Rochester, NY
Ticker: OPTXW · Form: 8-K · Filed: Jan 5, 2024 · CIK: 1866816
| Field | Detail |
|---|---|
| Company | Syntec Optics Holdings, INC. (OPTXW) |
| Form Type | 8-K |
| Filed Date | Jan 5, 2024 |
| Risk Level | low |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, administrative-change
TL;DR
**OPTX moved its main office to Rochester, NY, effective January 5, 2024.**
AI Summary
SYNTEC OPTICS HOLDINGS, INC. (OPTX) filed an 8-K on January 5, 2024, to update its principal executive offices from Miami Beach, FL to 515 Lee Rd., Rochester, NY 14606. This change reflects a physical relocation of their main operations. For investors, this matters because a company's physical location can impact operational costs, access to talent, and local incentives, potentially affecting future profitability and growth prospects.
Why It Matters
A change in headquarters can signal shifts in operational strategy, cost structure, or access to specific talent pools, which could influence the company's long-term performance.
Risk Assessment
Risk Level: low — This filing primarily reports an administrative change of address, which typically carries minimal direct financial risk.
Analyst Insight
Investors should monitor future filings or company announcements for any strategic reasons behind the relocation, such as proximity to manufacturing facilities, talent pools, or new business opportunities, as these could impact long-term valuation.
Key Players & Entities
- SYNTEC OPTICS HOLDINGS, INC. (company) — the registrant filing the 8-K
- 515 Lee Rd. Rochester, NY 14606 (location) — new principal executive offices address
- 1111 LINCOLN ROAD, SUITE 500, MIAMI BEACH, FL 33139 (location) — former business and mail address
- January 5, 2024 (date) — date of earliest event reported and filing date
Forward-Looking Statements
- The relocation to Rochester, NY, may lead to a slight decrease in operational overhead due to potentially lower real estate costs compared to Miami Beach. (SYNTEC OPTICS HOLDINGS, INC.) — medium confidence, target: 2025-01-05
- The company will likely update its website and official communications to reflect the new headquarters address within the next quarter. (SYNTEC OPTICS HOLDINGS, INC.) — high confidence, target: 2024-04-05
FAQ
What is the primary purpose of this 8-K filing by SYNTEC OPTICS HOLDINGS, INC.?
The primary purpose of this 8-K filing is to report a change in the company's principal executive offices, effective January 5, 2024.
What was the previous address for SYNTEC OPTICS HOLDINGS, INC.'s principal executive offices?
The previous business and mail address for SYNTEC OPTICS HOLDINGS, INC. was 1111 LINCOLN ROAD, SUITE 500, MIAMI BEACH, FL 33139.
What is the new address for SYNTEC OPTICS HOLDINGS, INC.'s principal executive offices?
The new address for SYNTEC OPTICS HOLDINGS, INC.'s principal executive offices is 515 Lee Rd. Rochester, NY 14606.
When did the change in the principal executive offices become effective?
The change in the principal executive offices became effective on January 5, 2024, which is also the date of the earliest event reported.
What is the telephone number listed for SYNTEC OPTICS HOLDINGS, INC. in the filing?
The telephone number listed for SYNTEC OPTICS HOLDINGS, INC. in the filing is (585) 768-2513.
Filing Stats: 2,372 words · 9 min read · ~8 pages · Grade level 14.9 · Accepted 2024-01-05 15:56:23
Key Financial Figures
- $0.0001 — h Registered: Common stock, par value $0.0001 per share OPTX The Nasdaq Capital M
- $11.50 — or common stock at an exercise price of $11.50 per share, subject to adjustment OPTX
Filing Documents
- form8-k.htm (8-K) — 66KB
- ex99-1.htm (EX-99.1) — 30KB
- ex99-1_001.jpg (GRAPHIC) — 173KB
- ex99-1_002.jpg (GRAPHIC) — 85KB
- ex99-1_003.jpg (GRAPHIC) — 168KB
- ex99-1_004.jpg (GRAPHIC) — 232KB
- ex99-1_005.jpg (GRAPHIC) — 296KB
- ex99-1_006.jpg (GRAPHIC) — 225KB
- ex99-1_007.jpg (GRAPHIC) — 272KB
- ex99-1_008.jpg (GRAPHIC) — 298KB
- ex99-1_009.jpg (GRAPHIC) — 151KB
- ex99-1_010.jpg (GRAPHIC) — 246KB
- ex99-1_011.jpg (GRAPHIC) — 322KB
- ex99-1_012.jpg (GRAPHIC) — 246KB
- ex99-1_013.jpg (GRAPHIC) — 157KB
- ex99-1_014.jpg (GRAPHIC) — 117KB
- ex99-1_015.jpg (GRAPHIC) — 170KB
- ex99-1_016.jpg (GRAPHIC) — 159KB
- ex99-1_017.jpg (GRAPHIC) — 245KB
- ex99-1_018.jpg (GRAPHIC) — 316KB
- ex99-1_019.jpg (GRAPHIC) — 344KB
- ex99-1_020.jpg (GRAPHIC) — 155KB
- ex99-1_021.jpg (GRAPHIC) — 295KB
- ex99-1_022.jpg (GRAPHIC) — 216KB
- ex99-1_023.jpg (GRAPHIC) — 291KB
- ex99-1_024.jpg (GRAPHIC) — 205KB
- ex99-1_025.jpg (GRAPHIC) — 153KB
- ex99-1_026.jpg (GRAPHIC) — 156KB
- ex99-1_027.jpg (GRAPHIC) — 95KB
- 0001493152-24-001392.txt ( ) — 8290KB
- optx-20240105.xsd (EX-101.SCH) — 4KB
- optx-20240105_def.xml (EX-101.DEF) — 26KB
- optx-20240105_lab.xml (EX-101.LAB) — 36KB
- optx-20240105_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. SYNTEC OPTICS HOLDINGS, INC. By: /s/ Joseph Mohr Date: January 5, 2024 Name: Joseph Mohr Title: Chief Executive Officer