Subsequent Events |
9 Months Ended |
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Jun. 26, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 11 Subsequent Events
On June 30, 2016 a private investor converted $273,226, or 167.7 shares of the Series B preferred stock at a stated value of $1,629 per share, for 109,291 shares of common stock.
On July 20, 2016 Optex Systems Inc. was awarded a 5-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a total potential order value up to $6.0 million to supply its laser protected periscopes to the Defense Logistics Agency over the next 5 years.
On August 2, 2016 Optex Systems Holdings filed an amended registration statement on Form S-1/A for a primary offering in August 2016 and are seeking to consummate an underwritten offering of up to $5,000,000 in gross proceeds from the sale of common stock with a potential additional $750,000 if the entire overallotment is exercised in the offering. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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