Syntec Optics Holdings Files 8-K: Board, Compensation, Warrants
Ticker: OPTXW · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1866816
Sentiment: neutral
Topics: corporate-governance, executive-compensation, warrants
Related Tickers: OPTX
TL;DR
Syntec Optics Holdings filed an 8-K on 6/10/24 covering board changes, exec comp, and warrant details.
AI Summary
On June 10, 2024, Syntec Optics Holdings, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing also includes information regarding the exercise of redeemable warrants and the company's common stock.
Why It Matters
This filing provides crucial updates on corporate governance and financial instruments, which can impact investor decisions and the company's stock performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation, along with details on warrant exercises, can signal shifts in company strategy or financial health, requiring investor attention.
Key Numbers
- 11.50 — Exercise Price (Redeemable warrants are exercisable for common stock at $11.50 per share, subject to adjustment.)
Key Players & Entities
- Syntec Optics Holdings, Inc. (company) — Registrant
- OmniLit Acquisition Corp. (company) — Former company name
- June 10, 2024 (date) — Filing date and earliest event date
FAQ
What specific changes were made to the board of directors or executive officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but the specific details of these changes are not provided in the provided text.
What is the exercise price for the redeemable warrants?
The redeemable warrants are exercisable for common stock at an exercise price of $11.50 per share, subject to adjustment.
When was the company formerly known as OmniLit Acquisition Corp.?
The date of the name change from OmniLit Acquisition Corp. to Syntec Optics Holdings, Inc. was June 10, 2021.
What is the par value of Syntec Optics Holdings, Inc.'s common stock?
The common stock has a par value of $0.0001 per share.
What are the main items reported in this 8-K filing?
The main items reported are: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; and Financial Statements and Exhibits.
Filing Stats: 1,005 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-06-10 16:33:15
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
- $50M — he division at Xerox to grow from under $50M to $500M and improving the management o
- $500M — ion at Xerox to grow from under $50M to $500M and improving the management of account
Filing Documents
- form8-k.htm (8-K) — 50KB
- ex99-1.htm (EX-99.1) — 17KB
- 0001493152-24-023347.txt ( ) — 290KB
- optx-20240610.xsd (EX-101.SCH) — 4KB
- optx-20240610_def.xml (EX-101.DEF) — 26KB
- optx-20240610_lab.xml (EX-101.LAB) — 36KB
- optx-20240610_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
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/ Al Kapoor Date: June 10, 2024 Name: Al Kapoor Title: Chief Executive Officer