OmniLit Acquisition announced that its stockholders meeting to vote on a deadline extension has been postponed from today until Dec. 21.
The SPAC wants an extra nine months — until Nov. 12, 2023 — to find and close a deal with a merger target.
OmniLit at the time of its $143.75 million IPO in November 2021 said it was targeting businesses in the advanced manufacturing industry, with a focus on optics and photonics products, services, and end-markets.
Omnilit is led by Chairman and CEO Al Kapoor, who acquired his first advanced manufacturing company in Rochester New York, renamed it Syntec Optics, and transformed it into a defense, medical and consumer optics and photonics leader. Read more.
