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OmniLit Acquisition Corp. Signed A Letter Of Intent For A Business Combination With An Affiliate Company; The Target Is An Advanced Manufacturer Of Optics And Photonics Components And Sub-Systems

OmniLit Acquisition Corp. (“OLIT”) a publicly traded optics and photonics focused special purpose acquisition company, signed a letter of intent for a business combination with an affiliate company (the “Target”) that seeks to become a publicly listed company with an estimated Enterprise Value in the range outlined in OLIT’s IPO prospectus.

OLIT