OmniLit Acquisition closed its IPO of 14.375 million units, including 1.875 million units issued to the underwriters through the full exercise of their over-allotment option. The offering was priced at $10 per unit.
Units trade on the Nasdaq under OLITU.
OmniLit Acquisition intends to identify high quality businesses in the advanced manufacturing industry, with a particular focus on optics and photonics products, services, and end-markets.
Imperial Capital and I-Bankers are joint book-running managers of the offering. Read more.
