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SCHEDULE 13G
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Under the Securities Exchange Act of 1934
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(Amendment No. 1)*
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Syntec Optics Holdings, Inc.
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
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87169M105
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(CUSIP Number)
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December 31, 2023
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(Date of Event which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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Rule 13d-1(b)
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Rule 13d-1(c)
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Rule 13d-1(d)
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* The remainder of this cover page shall be
filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. Beneficial
ownership information contained herein is given as of the date listed above.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the Notes).
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1
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Names of Reporting Persons.
Sandia Investment Management L.P.
I.R.S. Identification Nos. of above persons (entities only)
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0
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6 Shared Voting Power
50,000 shares
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7 Sole Dispositive Power
0
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8 Shared Dispositive Power
50,000 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
50,000 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
Not Applicable
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11
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Percent of Class Represented by Amount in Row (9)
0.93%
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12
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Type of Reporting Person (See Instructions)
IA
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1
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Names of Reporting Persons.
Timothy J. Sichler
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
United States
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0
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6 Shared Voting Power
50,000 shares
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7 Sole Dispositive Power
0
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8 Shared Dispositive Power
50,000 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
50,000 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
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11
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Percent of Class Represented by Amount in Row (9)
0.93%
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12
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Type of Reporting Person (See Instructions)
IN, HC
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Item 1.
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(a)
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Name of Issuer
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Syntec Optics Holdings, Inc.
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(b)
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Address of Issuer’s Principal Executive Offices
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515 Lee Rd., Rochester, NY 14606
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Item 2.
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(a)
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Name of Person Filing
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Sandia Investment Management L.P.
Timothy J. Sichler
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(b)
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Address of Principal Business Office or, if none, Residence
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Sandia Investment Management L.P.
Timothy J. Sichler
201 Washington Street
Boston, MA 02108
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(c)
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Citizenship
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Sandia Investment Management L.P. – Delaware
Timothy J. Sichler – United States
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(d)
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Title of Class of Securities
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Common Stock
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(e)
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CUSIP Number
87169M105
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Item 3.
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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:
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(a)
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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Insurance Company as defined in Section 3(a)(19) of the Act
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(d)
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
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(e)
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[X]
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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[X]
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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
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(k)
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Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
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Item 4.
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Ownership **
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a)
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Amount Beneficially Owned **
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The information set forth in Rows 5 through 11 on the cover page for each Reporting Person is hereby incorporated by reference into this
Item 4(a) for each such Reporting Person.
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(b)
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Percent of Class **
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The information set forth in Rows 5 through 11 on the cover page for each Reporting Person is hereby incorporated by reference into this
Item 4(b) for each such Reporting Person.
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(c)
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Number of shares as to which such person has:
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(i)
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sole power to vote or to direct the vote **
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(ii)
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shared power to vote or to direct the vote **
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(iii)
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Sole power to dispose or to direct the disposition of **
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(iv)
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shared power to dispose or to direct the disposition of **
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The information set forth in Rows 5 through 11 on the cover page for each Reporting Person is hereby incorporated by reference into this Item 4(c) for each
such Reporting Person.
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** The securities reported herein are beneficially owned by Sandia Investment Management L.P.
(“Sandia”) in its capacity as investment manager to a private investment vehicle and separately managed accounts. Mr. Sichler serves as Managing Member of the general partner of Sandia, and in such capacity may be deemed to indirectly beneficially
own the securities reported herein.
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Item 5.
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Ownership of Five Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [X].
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not applicable.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group
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Not applicable.
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Item 9.
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Notice of Dissolution of Group
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Not applicable.
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Item 10.
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Certification
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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Exhibits
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Exhibit
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99.1
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Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Person with the Securities and Exchange Commission on January 13,
2023
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete
and correct.
Date: February 14, 2024
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Sandia Investment Management L.P.
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By: /s/ Thomas J. Cagna
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Name: Thomas J. Cagna
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Title: Chief Operating Officer
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Timothy J. Sichler
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/s/ Timothy J. Sichler
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Timothy J. Sichler
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