LanzaTech Subsidiary LanzaTech, Inc. Enters LanzaJet Series A Stock Deal

Reuters
Feb 19
LanzaTech Subsidiary LanzaTech, Inc. Enters LanzaJet Series A Stock Deal

LanzaTech Global’s wholly owned subsidiary, LanzaTech, Inc., entered into a Series A Preferred Stock Purchase and Exchange Agreement with LanzaJet, Inc. Under the transaction, LanzaTech Global bought 455,522 shares of LanzaJet Series A Preferred Stock for $2.0 million and exchanged 60,316,250 shares of LanzaJet common stock for an equal number of newly created Class C common shares. Following the Series A transaction, LanzaTech Global’s fully diluted ownership in LanzaJet is expected to decrease to about 46%, making LanzaJet an affiliate.

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