LanzaTech Completes Up to $30 Million PIPE Transaction and $20 Million Registered Direct Offering of Common Stock
Simpson Thacher represented LanzaTech Global, Inc. (“LanzaTech”) in connection with LanzaTech’s issuance of newly issued shares of common stock to (1) LanzaTech Global SPV, LLC (“LT Global”), an entity controlled by a large existing investor, in a private placement for an aggregate purchase price of $10 million, with each of LanzaTech and LT Global having the right to require the issuance and purchase of additional shares of common stock for an aggregate purchase price of up to $20 million from time to time subject to certain conditions, and (2) certain institutional investors in a registered direct offering for an aggregate purchase price of $20 million.
LanzaTech is a leading provider of carbon management and advanced conversion technologies, focused on transforming waste materials into high-value fuels, chemicals and critical inputs for industry.
The Simpson Thacher team included Marisa Stavenas, Lia Toback, Joseph Hahn and Danny Na (Capital Markets); Anna Jarman (Public Company Advisory Practice); Jonathan Goldstein and Ruoxi Zhang (Tax); and Jennie Getsin (Blue Sky).