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OmniLit Acquisition Corp. has commenced its search for a business acquisition following a successful IPO, raising $143.75 million in proceeds. The company's focus is on optics and photonics-related businesses, which they believe are crucial for next-generation technologies across various sectors. CEO Al Kapoor highlighted the potential for growth in light-enabled products, valued at $7 to $10 trillion annually. The management team brings extensive experience in acquisitions and operations, aiming to build a multi-billion-dollar enterprise in the optics and photonics industry.
