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Highlights:
- LanzaTech is expected to merge with AMCI Acquisition Corp. II (NASDAQ:AMCI) in a deal valued at 2.2 million dollars.
- The SPAC merger deal is expected to generate gross proceeds of approximately US$ 275 million.
- LanzaTech recycles carbon waste and creates climate-safe fuels and materials.
Carbon recycling technology company LanzaTech NZ Inc is planning to get listed in the equities markets through a merger with a blank-check company.
LanzaTech is expected to merge with AMCI Acquisition Corp. II (NASDAQ:AMCI) in a deal that valued the company at US$2.2 million. Notably, AMCI Acquisition is a special purpose acquisition company (SPAC), and its stock closed at US$ 9.79 per share on March 8.
As LanzaTech could attract potential investors, we will further explore the crucial details of the company's public debut plans.
LanzaTech's public debut: Key details
The SPAC merger deal is expected to generate gross proceeds of approximately US$ 275 million, of which US$ 150 million would be the amount raised by AMCI in its IPO and US$ 125 million through private investment in public equity from investors.
The gross proceeds are expected to fund LanzaTech's business plan capital requirements and accelerate the company's commercial operations.
Upon closing the transaction, the combined entity is expected to start trading on Nasdaq, and its stock symbol would be LNZA. The deal is expected to close in the third quarter of 2022.
Once the company goes public, investors will have the option of getting hold of LNZA stock, like purchasing regular shares through stockbrokers or online trading accounts of a brokerage company.
Also Read: Intel's Mobileye IPO: When can you buy this stock?
It is important to note that the IPOs and SPAC mergers have received a cold response since this year. As the geopolitical tensions rise due to the ongoing conflict between Russia and Ukraine, the market could further witness instability.
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Bottom line
The Illinois-headquartered company was established in 2005 to address the issue of climate change. LanzaTech recycles carbon waste and creates climate-safe fuels and materials.
Notably, the company started a sustainable aviation fuel company called LanzaJet in 2020, and it includes investments from British Airways, Microsoft Climate Innovation Fund, and All Nippon Airways.
Over the years, LanzaTech has added blue-chip customers, investors and partners, including IndianOil Company, Khosla Ventures, Suncor Energy, Unilever, and Virgin Atlantic, among others.
In its statement, LanzaTech claimed that the total addressable market opportunity of sustainable fuels and other materials is worth US$ 1 trillion.
The company's CCT technology is expected to create a profitable path for decarbonization and reducing greenhouse gas emissions.
Also Read: Genius Group Limited IPO: How to buy this edtech stock?
Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
