LanzaTech Raises $20 Million in Private Placement Share Sale

Reuters
Jan 23
LanzaTech Raises $20 Million in Private Placement Share Sale

LanzaTech Global Inc. has announced the successful closing of a $20 million private placement, selling shares of its common stock to a group of leading investors, including new investor SiteGround. The shares issued in this transaction have not been registered under the Securities Act of 1933 or applicable state securities laws and may not be offered or sold in the United States without an effective registration statement or a valid exemption. LanzaTech relied on an exemption from registration requirements for this issuance. The company plans to use the proceeds to advance high-value projects and further scale its carbon recycling platform globally.

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