LanzaTech Global Terminates Material Agreement
Ticker: LNZAW · Form: 8-K · Filed: Oct 22, 2024 · CIK: 1843724
| Field | Detail |
|---|---|
| Company | Lanzatech Global, INC. (LNZAW) |
| Form Type | 8-K |
| Filed Date | Oct 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $7,500,000, $2,539,350 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement-termination, corporate-actions
Related Tickers: LTZ
TL;DR
LTZ terminated a big deal on Oct 16, filing today.
AI Summary
LanzaTech Global, Inc. filed an 8-K on October 22, 2024, reporting the termination of a material definitive agreement as of October 16, 2024. The filing also includes financial statements and exhibits. LanzaTech Global, Inc. was formerly known as AMCI Acquisition Corp. II.
Why It Matters
The termination of a material definitive agreement could impact LanzaTech's ongoing business operations, partnerships, or financial standing.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement can signal underlying issues or changes in strategic direction, warranting closer scrutiny.
Key Players & Entities
- LanzaTech Global, Inc. (company) — Registrant
- AMCI Acquisition Corp. II (company) — Former company name
- October 16, 2024 (date) — Date of earliest event reported
- October 22, 2024 (date) — Date of report
FAQ
What specific material definitive agreement was terminated by LanzaTech Global, Inc.?
The filing does not specify the exact name or details of the terminated material definitive agreement, only that it occurred on October 16, 2024.
What are the implications of this termination for LanzaTech's business?
The filing does not detail the specific implications, but the termination of a material agreement typically suggests a significant change in contractual relationships or business strategy.
When did LanzaTech Global, Inc. change its name from AMCI Acquisition Corp. II?
The date of the name change from AMCI Acquisition Corp. II to LanzaTech Global, Inc. was February 1, 2021.
What is the primary business of LanzaTech Global, Inc. according to the SIC code?
LanzaTech Global, Inc. is classified under INDUSTRIAL ORGANIC CHEMICALS [2860].
Where is LanzaTech Global, Inc. headquartered?
LanzaTech Global, Inc. is headquartered at 8045 Lamon Avenue, Suite 400, Skokie, Illinois 60077.
Filing Stats: 570 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-10-22 17:24:27
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share LNZA The Nasdaq Stock Market
- $11.50 — of Common Stock at an exercise price of $11.50 LNZAW The Nasdaq Stock Market LLC Ind
- $7,500,000 — h and therefore the Company paid to ACM $7,500,000 in Maturity Consideration (as defined i
- $2,539,350 — its Recycled Shares to the Company) and $2,539,350 in Share Consideration (as defined in t
Filing Documents
- amci-20241016.htm (8-K) — 29KB
- lnzaatalayaslidexoct2224.htm (EX-99.1) — 3KB
- lnzaatalayaslidexoct2224001.jpg (GRAPHIC) — 168KB
- 0001628280-24-043308.txt ( ) — 434KB
- amci-20241016.xsd (EX-101.SCH) — 2KB
- amci-20241016_def.xml (EX-101.DEF) — 17KB
- amci-20241016_lab.xml (EX-101.LAB) — 29KB
- amci-20241016_pre.xml (EX-101.PRE) — 17KB
- amci-20241016_htm.xml (XML) — 4KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. As previously disclosed, on October 4, 2024, ACM ARRT H LLC ("ACM") delivered to the Company notice of a VWAP Trigger Event, which purported to accelerate the settlement of that certain Forward Purchase Agreement, dated February 3, 2023 (such agreement, the "Forward Purchase Agreement") as it relates to ACM's portion (i.e., 2,926,514 common shares) of the shares of the Company's common stock obtained on the open market by ACM and Vellar Opportunity Fund SPV LLC - Series 10 as purchasers under the Forward Purchase Agreement (the "Recycled Shares"). The Company determined to settle the Forward Purchase Agreement in cash and therefore the Company paid to ACM $7,500,000 in Maturity Consideration (as defined in the Forward Purchase Agreement) (with ACM returning its Recycled Shares to the Company) and $2,539,350 in Share Consideration (as defined in the Forward Purchase Agreement). As a result, the Company's and ACM's obligations under the Forward Purchase Agreement have been fully satisfied.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Summary of ACM Forward Purchase Agreement details 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 22, 2024 LANZATECH GLOBAL, INC. By: /s/ Joseph Blasko Name: Joseph Blasko Title: General Counsel and Corporate Secretary 3