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StocksUpdated•Originally published 29 April 2026•Updated 30 April 2026•

1 min read

Syntec Optics Closes $20 Million Public Offering of Common Stock

Key Facts

1Syntec Optics announced the pricing of 2,857,142 shares of its common stock at a public offering price of $7.00 per share.

Syntec Optics Holdings, Inc. (OPTX) has officially announced the successful closing of its underwritten public offering of 2,857,142 shares of common stock. The offering was finalized at $7.00 per share, generating gross proceeds of approximately $20 million before underwriting discounts and expenses. H.C. Wainwright & Co. acted as the sole book-running manager for the transaction. This capital injection is intended to bolster the company's balance sheet and support its ongoing initiatives within the defense technology sector. While the move secures necessary funding, it is expected to result in share price dilution for existing investors. The completion of this strategic financing highlights Syntec's commitment to leveraging equity markets to fuel its long-term expansion goals.

Sources:

about 1 month ago

Version History

Version 1about 1 month ago

What changed: The story was updated to reflect the successful closing of the offering rather than just the pricing, and to identify the sole book-running manager.