Optex Systems Holdings, Inc. Commences Tender Offer To Purchase Up to $4.25 Million in Value of Shares of Its Common Stock

Aug 18, 2022

RICHARDSON, TX / ACCESSWIRE / August 18, 2022 / Optex Systems Holdings, Inc. (OTCQB:OPXS) ("Optex"), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today that it commenced a "modified Dutch auction" tender offer to purchase up to $4.25 million in value of shares of its common stock, par value $0.001 per share (CUSIP number: 68384X209) (the "Common Stock"), or such lesser number of shares of Common Stock as properly tendered and not properly withdrawn, at a price not greater than $2.75 nor less than $2.35 per share of Common Stock (in multiples of $0.10 per share), net to the seller in cash, less any applicable withholding taxes and without interest (the "Offer"). The Offer is not conditioned upon any minimum number of shares of Common Stock being tendered. The Offer is made upon the terms and subject to the conditions described in the Offer to Purchase and in the related Letter of Transmittal, as they may be amended or supplemented from time to time, that are being filed by Optex with the U.S. Securities and Exchange Commission (the "SEC") on August 18, 2022 and are being sent to holders of Common Stock or designated brokers or other nominees, as applicable.

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