Goldman Sachs Group Inc - Dec 22, 2022 Form 3 Insider Report for OmniLit Acquisition Corp. (OLIT)

Role
10%+ Owner
Signature
/s/ Jamison Yardley, Attorney-in-fact
Stock symbol
OLIT
Transactions as of
Dec 22, 2022
Transactions value $
$0
Form type
3
Date filed
12/30/2022, 02:59 PM
Previous filing
Dec 21, 2022
Next filing
Feb 10, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding OLIT Warrants Dec 22, 2022 Class A common stock 551K See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each warrant of Omnilit Acquisition Corp. (the "Issuer") entitles the holder to purchase one share of Class A Common Stock at $11.50. The warrants become exercisable on the later of 30 days after the completion of the initial Business Combination or 12 months from the closing of the IPO and expire five years after the completion of the initial Business Combination.
F2 This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC ("Goldman Sachs" and together with GS Group, the "Reporting Persons"). Goldman Sachs is a subsidiary of GS Group. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. On December 22, 2022, the Reporting Persons experienced an increase in their beneficial ownership of Omnilit Acquisition Corp. (the "Issuer") to above 10% of the outstanding Common Stock.
F3 The warrants of the Issuer reported herein as indirectly purchased were beneficially owned directly by Goldman Sachs and indirectly by GS Group.