| | Security Type | | Security Class Title | | Fee Calculation or Carry Forward Rule | | | Amount Registered (4) | | | Proposed Maximum Offering Price Per Security | | | Maximum Aggregate Offering Price | | | Fee Rate | | | Amount of Registration Fee | |
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Newly Registered Securities |
Fees to Be Paid | | Equity | | Class A Common Stock, par value $0.0001 per shares (1) | | | 457(f)(2) | | | | 68,513,687 | | | | - | | | $ | 9,459,353 | (5) | | | 0.0001102 | | | $ | 1,042 | |
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Fees to Be Paid | | Equity | | Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 (2) | | | 457(c), 457(f)(1) | | | | 14,108,250 | | | $ | 0.050 | | | $ | 705,412.50 | (6) | | | 0.0001102 | | | $ | 78 | |
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Fees to Be Paid | | Equity | | Class A Common Stock issuable upon exercise of warrants (3) | | | 457(g) | | | | 14,108,250 | | | $ | 11.50 | | | $ | 162,244,875 | (7) | | | | | | $ | 17,879 | |
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Carry Forward Securities |
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| | Total Offering Amounts | | | $ | 18,999 | | | | | | | | | | | | | |
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| | Total Fees Previously Paid | | | $ | 13,326 | (8) | | | | | | | | | | | | |
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| | Total Fee Offsets | | | $ | 12,076 | (8) | | | | | | | | | | | | |
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| | Net Fee Due | | | $ | 6,923 | | | | | | | | | | | | | |
| | Fee Paid | | | | $ | 5,673 | | | | | | | | | | | | | |
| | Net Fee Due | | | $ | 1,250 | | | | | | | | | | | | | |
(1) | The number of shares of Class A common stock, par value $0.0001 per share (“New Syntec Optics Class A Common Stock”) of Syntec Optics Holdings, Inc. (“New Syntec Optics”), being registered consists of (i) 37,739,716 shares of New Syntec Optics common stock, (ii) 2,000,000 shares of New Syntec Optics common stock which may be issued as Performance-based Earnout RSU Shares for management team, (iii) 26,000,000 shares for New Syntec Optics common stock which may be issued as Contingent Earnout RSU Shares for shareholders of Syntec Optics (together, the “Earnout Shares”), and (iv) 2,773,971 shares of New Syntec Optics common stock which may be issued as Incentive Plan Shares |
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(2) | The number of warrants to acquire shares of New WHC Class A Common Stock being registered represents (i) 7,187,750 warrants issued in OLIT’s initial public offering (the “Public Warrants”) and (ii) 6,920,500 warrants included in private units that were issued to the Sponsor in a private placement simultaneously with the closing of OLIT’s initial public offering (the “Private Warrants” and, together with the Public Warrants, the “OLIT Warrants”). All such OLIT Warrants will continue as warrants to acquire New Syntec Optics ordinary shares. |
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(3) | Represents shares of New Syntec Optics Class A Common Stock issuable upon the exercise of the New Syntec Optics Warrants. Each whole New Syntec Optics Warrant will entitle the warrant holder to purchase one share of New Syntec Optics Class A Common Stock at a price of $11.50 per share. |
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(4) | Pursuant to Rule 416(a) under the Securities Act, there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
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(5) | Syntec Optics, Inc is a private company, and no market exists for their securities. Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(f)(2) of the Securities Act, the proposed maximum aggregate offering price is the aggregate book value of the Syntec Optics, Inc. securities expected to be exchanged in the Business Combination. |
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(6) | Pursuant to Rules 457(c) and 457(f)(1) promulgated under the Securities Act, and solely for the purpose of calculating the registration fee, the proposed maximum aggregate offering price is an amount equal to the product of (i) 14,108,250 warrants, the estimated maximum number of OLIT warrants outstanding immediately prior to the Business Combination, and (ii) $0.05, the average of the high and low trading prices of the warrants of OLIT on May 4, 2023, which date is within five business days prior to filing this Registration Statement, in accordance with Rule 457(c) and Rule 457(f)(1). |
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(7) | Pursuant to Rule 457(g) promulgated under the Securities Act, and solely for the purpose of calculating the registration fee, the proposed maximum aggregate offering price is an amount equal to the product of (i) 14,108,250 ordinary shares of New Syntec Optics, the estimated maximum number of ordinary shares of New Syntec Optics that may be issued upon exercise of New Syntec Optics warrants, and (ii) $11.50, the exercise price of the New Syntec Optics warrants. |
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(8) | The amount of $13,326 was previously paid in connection with the initial filing of the Registration Statement (File No. 333-260090) for 14,375,000 amount of common stock being registered in 2021 IPO, however, 13,026,951 were redeemed in an extension vote in 2022 and remain unsold, leaving an offset of $12,076. |