Brief: Lanzatech NZ, Inc To Go Public Through Business Combination With AMCI Acquisition Corp. II

Lanzatech Global

08/03/2022 12:54

March 8 (Reuters) - AMCI Acquisition Corp II  AMCI.O :
    * LANZATECH NZ, INC TO GO PUBLIC THROUGH BUSINESS
COMBINATION WITH
AMCI ACQUISITION CORP. II
    * AMCI ACQUISITION CORP II -  UPON CLOSING, COMBINED CO IS
EXPECTED TO TRADE ON NASDAQ UNDER TICKER SYMBOL “LNZA”
    * AMCI ACQUISITION CORP II - PROPOSED BUSINESS COMBINATION
VALUES
LANZATECH AT AN IMPLIED $1.8 BILLION PRO FORMA ENTERPRISE VALUE
    * AMCI ACQUISITION CORP II - LANZATECH STOCKHOLDERS TO ROLL
100%
OF EQUITY HOLDINGS INTO COMMON STOCK OF NEW PUBLIC COMBINED CO
FOR LANZATECH SHARES
    * AMCI ACQUISITION CORP II - DEAL EXPECTED TO RAISE PROCEEDS
OF
ABOUT $275 MILLION, COMPRISED OF AMCI’S $150 MILLION CASH HELD
IN TRUST, COMMITTED COMMON EQUITY PIPE OF ABOUT $125 MILLION
    * AMCI ACQUISITION CORP II - UPON CLOSING OF TRANSACTION,
COMBINED
CO WILL BE RENAMED LANZATECH GLOBAL, INC
    * AMCI ACQUISITION CORP II - TRANSACTION IMPLIES COMBINED
PRO
FORMA EQUITY VALUE OF ABOUT $2.2 BILLION
    * AMCI ACQUISITION CORP II - LANZATECH WILL CONTINUE TO BE
LED BY
JENNIFER HOLMGREN, CEO OF LANZATECH, OTHER KEY MEMBERS OF
LANZATECH’S LEADERSHIP

Source: [https://bit.ly/3HSC22w]
Further company coverage:  AMCI.O