Business Context and Reporting Period
Syntec Optics Holdings, Inc. (OPTX) filed this Form 8-K on September 4, 2025, reporting events occurring on August 29, 2025. The Company is incorporated in Delaware and lists its common stock and redeemable warrants on The Nasdaq Capital Market. It is classified as an emerging growth company.
Key Financial Metrics
This filing is a current report regarding listing compliance and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes and Listing Status
On August 29, 2025, the Company received a delinquency notification from Nasdaq for failing to comply with Listing Rule 5250(c)(1). The Company remains delinquent in filing:
- Form 10-K for the period ended December 31, 2024.
- Form 10-Q for the period ended March 31, 2025.
- Form 10-Q for the period ended June 30, 2025.
Nasdaq previously granted an exception until August 20, 2025. An additional exception has been granted allowing up to 180 calendar days from the due date of the initial delinquent filing, extending the compliance deadline to October 13, 2025.
Management Commentary and Outlook
Management is submitting an updated plan to Nasdaq by September 5, 2025, to regain compliance. Key developments include:
- An audit committee meeting held on September 4, 2025, resulted in the approval of the 2024 Form 10-K.
- A subsequent audit committee meeting is scheduled for September 11, 2025, to review the two delinquent 10-Q filings.
- The Company targets filing the 10-K and both 10-Qs together on September 15, 2025.
Investor Verification Checklist
- Verify the actual filing date of the Form 10-K for the year ended December 31, 2024, and the 10-Qs for March 31, 2025, and June 30, 2025, against the September 15, 2025 target.
- Monitor Nasdaq communications to confirm if the October 13, 2025, compliance deadline is met or if further extensions are required.
- Review the upcoming financial statements once filed to assess the Company's liquidity and going concern status, which were not disclosed in this 8-K.
- Confirm the status of the audit committee's review of the 10-Qs following the September 11, 2025, meeting.