LanzaTech Launches $20 Million Direct Offering of 2 Million Shares
LNZA•LanzaTech Global announced a registered direct offering of 2 million common shares to institutional investors for gross proceeds of approximately $20 million. Net proceeds will fund general corporate purposes, with closing expected by May 18, 2026, subject to customary conditions.
1. Registered Direct Offering Details
LanzaTech entered into a securities purchase agreement with institutional investors to sell 2,000,000 common shares in a registered direct offering expected to generate gross proceeds of approximately $20 million before placement agent fees and other expenses.
2. Intended Use of Proceeds
The company plans to allocate net proceeds to general corporate purposes, bolstering working capital to support ongoing carbon management operations and maintain financial flexibility.
3. Offering Structure and Timeline
The offering is scheduled to close on or about May 18, 2026, subject to customary closing conditions, under an effective shelf registration statement declared effective November 1, 2024, with D. Boral Capital LLC acting as sole placement agent.
