OmniLit Acquisition Asks Stockholders for 9 Extra Months to Find a Target

OmniLit Acquisition in a preliminary proxy seeks an extension on its termination deadline, from Feb. 12 until Nov. 12, 2023.

The SPAC raised $143.75 million in a November 2021 IPO, with a 15-month deadline to close a merger. OmniLit at the time of its IPO said it was targeting businesses in the advanced manufacturing industry, with a focus on optics and photonics products, services, and end-markets.

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