Added to YB: 2026-02-13
Pitch date: 2026-02-11
OPTX [bearish]
Syntec Optics Holdings, Inc.
-59.49%
current return
Author Info
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Company Info
Syntec Optics Holdings, Inc. manufactures and supplies optics and photonics components, sub-systems, and optical systems for defense, medical, industrial, and consumer end-markets in the United States and Europe.
Market Cap
$438.0M
Pitch Price
$6.22
Price Target
N/A
Dividend
N/A
EV/EBITDA
723.66
P/E
-133.21
EV/Sales
16.30
Sector
Electronic Equipment, Instruments and Components
Category
N/A
$OPTX: Zooming in on a Capone Style De-SPAC Where the Boss Cashes in and Takes All
OPTX (short): CEO controls 80%+ of shares post-SPAC, can unlock 21M more at price thresholds. Cash plunged 72% to $600K, OCF -$900K vs +$2.8M prior yr, net loss -$2.6M vs +$1.5M profit. Sales down 3.4%, 3 customers = 47% revenue. Multiple Nasdaq non-compliance notices, covenant breaches requiring waivers, insider loans. Former CEO refused to sign 10-K citing governance failures & financial reporting concerns. Net negative liquidation value makes shares worthless.
Read full article (11 min)