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SPAC OmniLit Acquisition Corp. Files for IPO

Dow Jones Newswires · Oct 6, 2021 17:26

By Stephen Nakrosis

Blank-check company OmniLit Acquisition Corp. filed for a $125 million initial public offering on Wednesday.

The company said "we expect to focus on acquiring a business combination target within the advanced manufacturing industry, specifically the photonics or optics sectors, and related sectors, with an enterprise value of approximately $350 million to $750 million."

OmniLit Acquisition said it applied to list its units on the Nasdaq Global Market under the symbol OLITU.

Imperial Capital and I-Bankers Securities Inc. are listed as the offering's joint book-running managers.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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