Syntec Optics prices $20 million public offering of common stock at $7.00 per share
On April 28, 2026, Syntec Optics agreed to sell 2,857,142 shares of common stock at $7.00 per share in an underwritten offering led by H.C. Wainwright & Co., with expected gross proceeds of about $20 million before underwriting discounts and expenses. The offering is expected to close on April 30, 2026, and the company plans to use the net proceeds for acquisitions or investments, working capital, capital expenditures and possibly repaying debt, including a subordinated term note with its majority stockholder. The new shares increase the number of shares outstanding, and the company has agreed to restrictions on further stock issuances for 90 days after closing.
Key points
- 2,857,142 shares priced at $7.00 per share; underwriters purchased them at $6.58 per share
- Expected gross proceeds of about $20 million; underwriter has a 30-day option for up to 428,571 additional shares
- Closing expected April 30, 2026; proceeds may repay part of a $1,268,732.49 subordinated term note with the majority stockholder
- Company agreed not to issue additional common stock for 90 days after closing; underwriter discount is 6.0% of gross proceeds
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.