Financing ·
LanzaTech Global issues warrants to purchase up to 1.74M shares in LanzaJet recapitalization
LNZALanzaTech Global, Inc.
LanzaTech Global, Inc. issued warrants to purchase an aggregate of 1,737,921 shares of its common stock at $5.754 per share to Future Solution Investments LLC (FSI) as part of a broader recapitalization and deleveraging transaction involving LanzaJet, Inc., a sustainable aviation fuel company in which LanzaTech is a significant equity holder. The transaction includes the issuance of up to $35 million in senior secured notes by LanzaJet and an exchange of existing debt and equity for new warrants granting LanzaTech potential control of 66.67% of LanzaJet upon exercise. Additionally, Jennifer Holmgren was appointed interim CEO of LanzaJet. LanzaTech Global operates in the advanced biofuels sector.