On February 9, 2023, LanzaTech Global, Inc., originally known as AMCI Acquisition Corp. II, announced the closing of its previously discussed business combination between AMCI and LanzaTech NZ, Inc., a groundbreaking carbon capture and transformation (CCT) company that generates valuable products from waste carbon. LanzaTech is the first CCT company in the US to go public.
In accordance with the closing of the business combination, AMCI is now known as LanzaTech Global, Inc. On February 10, 2023, its common stock is anticipated to begin trading on the Nasdaq under the ticker symbol LNZA. Its public warrants are expected to start trading under the ticker symbol LNZAW.
LanzaTech's gas fermentation technology is intended to provide a profitable path to addressing heavy industry and manufacturing's significant carbon problem. The company believes it can offer a solution that will substantially contribute to resolving the global carbon crisis through technology and applications intended to touch multiple points of carbon use.
Alongside LanzaJet, Inc., a key partner centered on the production of sustainable aviation fuel, the organization has developed a customer, partner, and investor roster ranging from steel producers such as ArcelorMittal to traditional energy companies such as Shell and Suncor Energy to aviation companies such as British Airways, All Nippon Airways, and Virgin Atlantic ensuring commercial validity of its technology.
The approximately $240 million of gross proceeds from the transaction will be utilized to fund the acceleration of the company's commercial operations, capital requirements associated with development projects it has chosen to partner with, and continued technological innovation. The combined company will be led by Dr. Jennifer Holmgren, Chairwoman and CEO of LanzaTech Global, Inc., and other key figures of LanzaTech's executive leadership.
About LanzaTech
LanzaTech, headquartered in Skokie, Illinois, converts waste carbon into sustainable fuels, packaging, fabrics, and other materials. Utilizing a range of waste feedstocks, the company's technology platform describes a future in which consumers will not rely solely on fossil fuels for their daily needs. Its mission is to challenge and alter how the world utilizes carbon, enabling a new circular economy in which carbon is reused rather than wasted, the environment is kept clean, and pollution is eradicated.