LanzaTech Settles Forward Agreement, Reduces Outstanding Shares

LanzaTech Global ( (LNZA) ) has provided an announcement.

LanzaTech Global, Inc. settled its Forward Purchase Agreement with ACM ARRT H LLC following a VWAP Trigger Event, opting for cash payments to avoid potential stock price pressure. The settlement involved a $7.5 million maturity consideration and a $2.5 million share consideration, leading to ACM returning approximately 2.9 million common shares, which LanzaTech plans to retire, reducing its outstanding shares to about 194.8 million.

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