OmniLit Acquisition Corp. Announces Effectiveness Of Registration Statement And October 31, 2023 Annual Meeting Of Stockholders To Approve Business Combination With Syntec Optics, Inc.
OmniLit Acquisition Corp. ("OmniLit") (NASDAQ:OLIT), a publicly traded special purpose acquisition company, today announced that OmniLit's registration statement on Form S-4, relating to the previously announced business combination between OmniLit and Syntec Optics, Inc. ("Syntec Optics"), has been declared effective by the U.S. Securities and Exchange Commission. Syntec Optics is a leading optics and photonics company for scientific and technical instruments, and aerospace and defense. Syntec Optics' mission is to provide a U.S.-based scalable platform of optics and photonics manufacturing that keeps American soldiers out of harm's way, offers doctors technologically advanced tools for patient care, and delivers photonics-enabled precision to consumer products and services.
OmniLit will mail the definitive proxy statement/prospectus (the "Proxy Statement") to stockholders of record as of the close of business on October 6, 2023. The Proxy Statement contains a notice and voting instruction form or a proxy card relating to the special meeting of OmniLit's stockholders (the "Annual Meeting").
The Annual Meeting to approve the proposed business combination is scheduled to be held on October 31, 2023 at 11:00 a.m. Eastern Time via a virtual meeting format at https://www.colonialstock.com/omnilitacquisition. If the proposals at the Annual Meeting are approved, the parties anticipate that the business combination will close and the combined entity will commence trading on the Nasdaq under the new ticker symbols "OPTX" and "OPTXW" shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing conditions.
Every stockholder's vote is important, regardless of the number of shares held. Accordingly, OmniLit requests that each stockholder complete, sign, date and return a proxy card (online or by mail) as soon as possible and, if by internet, no later than 11:59 p.m. Eastern Time on October 30, 2022, to ensure that the stockholder's shares will be represented at the Annual Meeting. Stockholders who hold shares in "street name" (i.e., those stockholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to ensure that their shares are voted.
If any OmniLit stockholder does not receive the Proxy Statement, such stockholder should (i) confirm his or her Proxy Statement's status with his or her broker or (ii) contact Colonial Stock Transfer, OmniLit's proxy solicitor, for assistance at 801-355-5740.