Rochester-Based Syntec Optics Taps Public Markets for $20M Growth Push

ROCHESTER, N.Y. — Syntec Optics Holdings, Inc. (NASDAQ: OPTX) has raised approximately $20 million through an underwritten public offering, signaling continued investment activity in Rochester’s advanced manufacturing and optics sector.

The company sold 2,857,142 shares of common stock at $7.00 per share. Gross proceeds from the offering totaled about $20 million before underwriting discounts, commissions, and other expenses.

H.C. Wainwright & Co. acted as the sole book-running manager for the deal. Titan Partners and A.G.P./Alliance Global Partners served as financial advisors. Syntec also granted the underwriter a 30-day option to purchase up to an additional 428,571 shares at the public offering price.

The company said it plans to use the net proceeds to support acquisitions and investments in complementary businesses, technologies, and products, alongside general corporate purposes. That includes working capital, capital expenditures, and potential debt repayment as it looks to strengthen its balance sheet.

Syntec Optics, headquartered in Rochester, operates in the precision optics and photonics manufacturing space, a sector long tied to the region’s economic identity. The company designs and produces advanced optical components and systems used across industries including aerospace and defense, medical devices, telecommunications, and industrial applications.

Its capabilities span the full product lifecycle, from design and prototyping to high-volume manufacturing. Syntec specializes in complex optical systems integration, leveraging materials science, micro-optics, and advanced manufacturing techniques to deliver components used in high-performance environments. The company has also positioned itself within emerging areas such as augmented reality, sensing technologies, and next-generation imaging systems.

Founded in 1981, Syntec has evolved from a niche optics manufacturer into a vertically integrated platform serving both commercial and government customers. Its presence adds to Rochester’s legacy as a global hub for optics, imaging, and photonics, alongside institutions and companies that continue to anchor the region’s technical talent and innovation pipeline.

Despite the capital raise, the company reported a loss of $0.05 per share over the last twelve months, underscoring the balance between growth investment and near-term profitability.

The offering was made pursuant to a registration statement on Form S-1 (File No. 333-295335), which was declared effective by the U.S. Securities and Exchange Commission earlier this week.

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