US-based AMCI Acquisition Corp. II, a publicly-traded special purpose acquisition company, and compatriot carbon recycling tech company LanzaTech NZ, Inc. (“LanzaTech”), have announced that AMCI’s stockholders have approved their previously announced business combination.
An error occurred
On your profile you can see what subscriptions you have access to and more information.
Is some of the information wrong – please contact our customer service.
Please reload the page
Do you want to read the whole article?
- Six editions per year
- Full access to all digital content
- The E-magazine Bioenergy international
- And more ...
AMCI Acquisition Corp. II is a “blank check company” formed for the purpose of effecting a merger with a business focused on decarbonizing the heavy industrial complex and transitioning the global energy mix to a lower carbon footprint.
In August 2022, the companies announced an agreement to combine through a business combination transaction.
AMCI Stockholders have approved the previously announced business combination with LanzaTech at the Special Meeting held on February 6, 2023.
We are pleased to complete this transaction and solidify our partnership with LanzaTech. We appreciate the support of our stockholders at today’s vote. We are proud to continue this journey with LanzaTech and are excited about what they will be able to accomplish on their mission of enabling a lower-carbon world, said Nimesh Patel, CEO of AMCI Acquisition Corp. II.
Launch of “LanzaTech Global, Inc.” pending
The Business Combination is expected to close “promptly” upon the satisfaction of all closing conditions.
Upon the closing of the Business Combination, AMCI will be renamed “LanzaTech Global, Inc.” and its common stock is expected to be listed on Nasdaq.
We are excited to reach this critical milestone in our corporate journey, made possible by the immeasurable and enduring support from our many partners across the globe, said Dr Jennifer Holmgren, CEO of LanzaTech.
Additionally, LanzaTech announced that it has entered into a forward purchase agreement for up to US$100 million with ACM ARRT H LLC to enhance financial flexibility.
Furthermore, LanzaTech and AMCI have received additional common equity PIPE investments from an existing PIPE investor Oxy Low Carbon Ventures LLC as well as a new undisclosed PIPE investor.
The total additional PIPE investment is US$5 million, increasing the previously announced common equity PIPE to US$185 million.
Once completed, our business combination with AMCI will mark a transformative step in LanzaTech’s quest toward enabling a cleaner world. Our upsized PIPE illustrates the valuable support we continue to receive from new and existing strategic investors. We are confident that with our new public platform and financial resources, we will be able to accelerate and amplify our mission of creating a post-pollution future for all, ended Dr Jennifer Holmgren.
