Harter Secrest & Emery Advises Omnilit Acquisition Corp. on $143.75 Million Initial Public Offering and Nasdaq Listing

Harter Secrest & Emery LLP, a full-service business law firm with offices throughout New York, recently represented OmniLit Acquisition Corp., a special purpose acquisition company (SPAC) in its initial public offering of units (consisting of one share of Class A common stock and one-half redeemable warrant, each whole warrant entitling the holder to purchase one share of Class A common stock exercisable at $11.50 per share). The company’s units are listed on the Nasdaq under the symbol “OLITU.” The total gross proceeds of the deal are approximately $143.75 million (before underwriting discounts, commissions, and estimated offering expenses), including $18.75 million per the underwriters fully exercising their over-allotment option. Imperial Capital, LLC and I-Bankers Securities, Inc. acted as underwriters for the offering.

The offering closed on November 12, 2021. The HSE Securities and Capital Markets team for the transaction included C. Christopher Murillo and Scott B. Mosley.

OmniLit Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Harter Secrest & Emery is recognized as a leader in the securities and capital markets industry. With 10 attorneys devoted to practicing securities and capital markets law in Western New York, we bring a depth and breadth of experience unmatched in the region. The firm has represented issuers and underwriters in over 60 public offerings, with clients ranging from businesses seeking start-up capital to Fortune 500 companies. The firm’s securities practitioners assist clients with private and public offerings of securities, ongoing regulatory compliance and reporting, proxy solicitations, tender offers, and securities litigation and arbitration before the Securities and Exchange Commission, NYSE, Nasdaq, FINRA, and state and federal courts.

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