AMCI Stockholders have accredited the beforehand introduced enterprise mixture with LanzaTech on the Particular Assembly held on February 6, 2023
Entered into $100 million ahead buy settlement to boost monetary flexibility
Secured $5 million of further widespread fairness PIPE investments from present & new strategic buyers
Transaction is anticipated to shut promptly and LanzaTech is thereafter anticipated to start buying and selling on Nasdaq
CHICAGO and GREENWICH, Conn., Feb. 06, 2023 (GLOBE NEWSWIRE) — AMCI Acquisition Corp. II (“AMCI”) (Nasdaq: AMCI), a publicly-traded particular function acquisition firm, and LanzaTech NZ, Inc. (“LanzaTech”), an progressive carbon seize and transformation firm that converts waste carbon into supplies akin to sustainable fuels, materials, packaging and different merchandise that folks use of their each day lives, right this moment introduced that AMCI’s stockholders have accredited their enterprise mixture (the “Enterprise Mixture”). The corporate additionally introduced it has entered right into a $100 million ahead buy settlement with ACM ARRT H LLC to boost monetary flexibility. AMCI and LanzaTech additionally introduced that they’ve obtained further PIPE investments from present and new PIPE buyers.
“We’re happy to finish this transaction and solidify our partnership with LanzaTech. We respect the assist of our stockholders at right this moment’s vote,” mentioned Nimesh Patel, Chief Govt Officer of AMCI Acquisition Corp. II. “We’re proud to proceed this journey with LanzaTech and are enthusiastic about what they are going to be capable to accomplish on their mission of enabling a lower-carbon world.”
“We’re excited to succeed in this crucial milestone in our company journey, made potential by the immeasurable and enduring assist from our many companions throughout the globe,” mentioned Dr. Jennifer Holmgren, Chief Govt Officer of LanzaTech. “As soon as accomplished, our enterprise mixture with AMCI will mark a transformative step in LanzaTech’s quest in direction of enabling a cleaner world. Our upsized PIPE illustrates the dear assist we proceed to obtain from new and present strategic buyers. We’re assured that with our new public platform and monetary sources, we will speed up and amplify our mission of making a put up air pollution future for all.”
Shareholder Approval for Enterprise Mixture
AMCI’s stockholders of report as of the shut of enterprise on December 28, 2022 (the “AMCI Stockholders”) voted to approve the beforehand proposed Enterprise Mixture and all different proposals offered at AMCI’s particular assembly of stockholders held on February 6, 2023 (the “Particular Assembly”). Holders of roughly 86% of AMCI’s issued and excellent shares have been current on the Particular Assembly. Roughly 95% of the votes forged on the Particular Assembly, representing roughly 82% of AMCI’s excellent shares, voted to approve the Enterprise Mixture. The outcomes of the vote can be included in a Present Report on Type 8-Ok to be filed by AMCI with the U.S. Securities and Trade Fee (the “SEC”). The Enterprise Mixture is anticipated to shut upon the satisfaction of all closing circumstances. Upon the closing of the Enterprise Mixture, AMCI can be renamed “LanzaTech World, Inc.” and its widespread inventory is anticipated to be listed on Nasdaq underneath the ticker image “LNZA.”
LanzaTech Enters into Ahead Buy Settlement to Improve Monetary Flexibility
Moreover, LanzaTech introduced right this moment that it has entered right into a ahead buy settlement for as much as $100 million with ACM ARRT H LLC. Please confer with AMCI’s present report on Type 8-Ok, filed right this moment with the SEC, for added info.
LanzaTech and AMCI Safe $5 Million of Further PIPE Funding
AMCI and LanzaTech introduced that they’ve obtained further widespread fairness PIPE investments from an present PIPE investor Oxy Low Carbon Ventures LLC in addition to a brand new PIPE investor. The full further PIPE funding is $5 million, growing the beforehand introduced widespread fairness PIPE to $185 million.
About LanzaTech
Headquartered in Skokie, In poor health., LanzaTech transforms waste carbon into supplies akin to sustainable fuels, materials, packaging, and different merchandise. Utilizing a wide range of waste feedstocks, LanzaTech’s expertise platform highlights a future the place shoppers will not be depending on virgin fossil feedstocks for all the pieces of their each day lives. LanzaTech’s objective is to problem and alter the way in which the world makes use of carbon, enabling a brand new round carbon economic system the place carbon is reused quite than wasted, skies and oceans are stored clear, and air pollution turns into a factor of the previous. For extra LanzaTech go to https://lanzatech.com.
About AMCI Acquisition Corp. II
AMCI Acquisition Corp. II is a clean verify firm fashioned for the aim of effecting a merger with a enterprise centered on decarbonizing the heavy industrial complicated and transitioning the worldwide power combine to a decrease carbon footprint. AMCI’s sponsor is an affiliate of the AMCI group of corporations. AMCI invests in and operates industrial companies centered on pure sources, transportation, infrastructure, metals, and power, with an present portfolio of 20 corporations positioned world wide. AMCI is led by Chief Govt Officer Nimesh Patel, President Brian Beem, and Chief Monetary Officer Patrick Murphy.
Ahead-Wanting Statements
This press launch contains forward-looking statements relating to, amongst different issues, the plans, methods and prospects, each enterprise and monetary, of AMCI and LanzaTech. These statements are primarily based on the beliefs and assumptions of the administration of AMCI and LanzaTech, respectively. Though AMCI and LanzaTech imagine that their respective plans, intentions and expectations mirrored in or instructed by these forward-looking statements are cheap, neither AMCI nor LanzaTech can guarantee you that both will obtain or understand these plans, intentions or expectations. Ahead-looking statements are inherently topic to dangers, uncertainties and assumptions. Typically, statements that aren’t historic information, together with statements regarding potential or assumed future actions, enterprise methods, occasions or outcomes of operations, are forward-looking statements. These statements could also be preceded by, adopted by or embody the phrases “believes,” “estimates,” “expects,” “initiatives,” “forecasts,” “might,” “will,” “ought to,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or related expressions. The forward-looking statements are primarily based on projections ready by, and are the duty of, AMCI’s administration and LanzaTech’s administration, respectively. These forward-looking statements will not be ensures of future efficiency, circumstances or outcomes, and contain quite a lot of identified and unknown dangers, uncertainties, assumptions and different vital components, lots of that are exterior the management of AMCI and LanzaTech, that would trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. New danger components which will have an effect on precise outcomes or outcomes emerge occasionally and it’s not potential to foretell all such danger components, nor can AMCI or LanzaTech assess the affect of all such danger components on its enterprise, or the extent to which any issue or mixture of things might trigger precise outcomes to vary materially from these contained in any forward-looking statements. Ahead-looking statements will not be ensures of efficiency. You shouldn’t put undue reliance on these statements, which converse solely as of the date hereof. All forward-looking statements attributable to AMCI, LanzaTech or individuals appearing on their behalf are expressly certified of their entirety by the foregoing cautionary statements. AMCI and LanzaTech previous to the Enterprise Mixture, and the mixed firm following the Enterprise Mixture, undertake no obligations to replace or revise publicly any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by regulation.
Contacts
Media Contact – LanzaTech
Freya Burton, Chief Sustainability Officer
[email protected]
Investor Relations Contact – LanzaTech
Omar El-Sharkawy
Director, Company Improvement
[email protected]
AMCI Contact
Nimesh Patel
Chief Govt Officer
[email protected]
