Syntec Optics Holdings, Inc. (NASDAQ: OPTX) completed its underwritten public offering of 2,857,142 shares of common stock at $7.00 per share, according to a company statement.

The Rochester, New York-based optics manufacturer raised gross proceeds of approximately $20 million before deducting underwriting discounts, commissions and offering expenses. H.C. Wainwright & Co. served as sole book-running manager for the offering.

The company granted the underwriter a 30-day option to purchase up to 428,571 additional shares at the public offering price, less underwriting discounts and commissions.

Syntec Optics plans to use the net proceeds to acquire or invest in complementary businesses, technologies, products or assets, and for working capital and capital expenditures. The funds will also be used to optimize the company's capital structure, including potential debt repayment.

The shares were offered pursuant to a registration statement on Form S-1 that was filed with the Securities and Exchange Commission and declared effective on April 28, 2026. Titan Partners, a division of American Capital Partners, and A.G.P./Alliance Global Partners acted as financial advisors to the company.

Syntec Optics manufactures custom optics and photonics products for defense technology and other markets from its facility in Rochester.