Owl Creek Amends Syntec Optics Stake, Files 13G/A

TL;DR

**Owl Creek Asset Management updated their Syntec Optics (87169M105) ownership via a 13G/A.**

AI Summary

Owl Creek Asset Management, L.P. filed an amended Schedule 13G/A on February 5, 2024, indicating their ownership in Syntec Optics Holdings, Inc. (formerly OmniLit Acquisition Corp.) as of December 31, 2023. This filing, an amendment to a previous disclosure, shows that Owl Creek is part of a group holding shares, and it's filed under Rule 13d-1(d). This matters to investors because it updates the public record on a significant institutional investor's stake, potentially signaling their ongoing interest or changes in their investment thesis for Syntec Optics.

Why It Matters

This filing updates the public record on Owl Creek Asset Management's ownership in Syntec Optics, providing transparency on institutional holdings which can influence market perception and stock stability.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate high-risk events for the company.

Analyst Insight

Investors should note this filing as an update to institutional ownership, but it doesn't inherently suggest a buy or sell action without further analysis of Owl Creek's overall portfolio strategy or changes in their reported stake (which is not detailed in this excerpt).

Key Numbers

• 87169M105 — CUSIP Number (identifies the Common Stock of Syntec Optics Holdings, Inc.)
• $0.0001 — par value per share (the par value of Syntec Optics Holdings, Inc. Common Stock)

Key Players & Entities

• Owl Creek Asset Management, L.P. (company) — the reporting person filing the SC 13G/A
• Syntec Optics Holdings, Inc. (company) — the subject company whose securities are being reported
• OmniLit Acquisition Corp. (company) — the former name of Syntec Optics Holdings, Inc.
• December 31, 2023 (date) — the date of the event requiring the filing
• February 5, 2024 (date) — the filing date of the SC 13G/A

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• p24-0541sc13ga.htm (SC 13G/A) — 57KB
• 0000902664-24-001031.txt ( ) — 59KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Syntec Optics Holdings, Inc. (f/k/a OmniLit Acquisition Corp.) (the " Issuer ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Issuer's principal executive offices are located at 515 Lee Rd., Rochester, NY 14606.

(a)

Item 2(a). NAME OF PERSON FILING: (i) Owl Creek Asset Management, L.P., a Delaware limited partnership and the investment manager of Owl Creek Credit Opportunities Master Fund, Ltd. (the " Owl Creek Fund "), with respect to the shares of Common Stock that were owned by the Owl Creek Fund and (ii) Jeffrey A. Altman (" Mr. Altman "), as managing member of the general partner of Owl Creek Asset Management, L.P., with respect to the shares of Common Stock that were owned by the Owl Creek Fund. The foregoing persons are hereinafter sometimes collectively referred to as the " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of the Reporting Persons is 640 Fifth Avenue, 20th Floor, New York, NY 10019.

(c)

Item 2(c). CITIZENSHIP: Owl Creek Asset Management, L.P. is a limited partnership organized under the laws of the State of Delaware. Mr. Altman is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common stock, par value $0.0001 per share (the " Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 87169M105 CUSIP No. 87169M105 13G/A Page 5 of 7 Pages Item 3. IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ¨ Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ¨ Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý CUSIP No. 87169M105 13G/A Page 6 of 7 Pages Item 6.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 5, 2024 /s/ Jeffrey A. Altman Jeffrey A. Altman, individually and as managing member of the general partner of Owl Creek Asset Management, L.P.

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View this SC 13G/A filing on SEC EDGAR