AMCI Shareholders Approve LanzaTech Merger

AMCI Shareholders Approve LanzaTech Merger - Carbon Herald
Credit: Roman Zaiets | Shutterstock

LanzaTech – the company transforming CO2 into products, announced the approval from shareholders of its merger with AMCI Acquisition Corp. II. AMCI’s stockholders have approved their business combination after AMCI’s special meeting held on February 6, 2023. 

LanzaTech and AMCI also announced that they have secured an additional $5 million PIPE investments from existing PIPE investor Oxy Low Carbon Ventures LLC and new investors. Together with previously announced PIPE investments, the total comes to $185 million.

Relevant: AMCI Acquisition Corp. II Shareholders To Vote On LanzaTech Merger

The companies also entered into a $100 million forward purchase agreement with ACM ARRT H LLC to enhance financial flexibility, even though few details were shared on this development. 

“We are pleased to complete this transaction and solidify our partnership with LanzaTech. We appreciate the support of our stockholders at today’s vote,” said Nimesh Patel, Chief Executive Officer of AMCI Acquisition Corp. II. 

The results of the vote of shareholders are 95% approval of the business combination, representing approximately 82% of AMCI’s outstanding shares. They will be included in a Current Report on Form 8-K to be filed by AMCI with the U.S. Securities and Exchange Commission (the “SEC”) along with other details on recent developments. 

Relevant: LanzaTech and Brookfield Form A $500 Million Strategic Partnership

After the closing of the merger, AMCI will be renamed as LanzaTech Global, Inc. and its common stock is expected to be listed on Nasdaq under the ticker symbol LNZA.

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