Syntec Optics prices $20 million public stock offering at $7 per share

Syntec Optics Holdings Inc. (NASDAQ: OPTX) announced the pricing of an underwritten public offering of 2,857,142 shares of common stock at $7.00 per share. The Rochester, New York-based optics manufacturer expects gross proceeds of approximately $20 million before deducting underwriting discounts, commissions and offering expenses.

H.C. Wainwright & Co. serves as the 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, minus underwriting discounts and commissions.

The offering is expected to close on or about April 30, 2026, subject to customary closing conditions. The shares are being offered under a Form S-1 registration statement that was declared effective by the Securities and Exchange Commission on April 28, 2026.

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

The company manufactures custom optics and photonics for defense technology and other markets. Syntec Optics operates manufacturing facilities with capabilities spanning various optics manufacturing processes for mission-critical original equipment manufacturers.

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