LanzaTech announces 1-for-100 reverse stock split to maintain Nasdaq listing

Published 15/08/2025, 12:14
LanzaTech announces 1-for-100 reverse stock split to maintain Nasdaq listing

CHICAGO - Carbon capture company LanzaTech Global, Inc. (NASDAQ:LNZA), currently trading at $0.37 with a market capitalization of $86.8 million, will implement a 1-for-100 reverse stock split effective August 18, 2025, at 5:00 p.m. Eastern Time, according to a press release issued Friday. InvestingPro data shows the stock has experienced significant volatility, falling nearly 73% year-to-date despite showing strong returns in recent weeks.

The primary objective of the reverse split is to regain compliance with Nasdaq Capital Market’s minimum bid price requirement for continued listing. The company’s common stock will begin trading on a post-split basis at market open on August 19, 2025, under the same LNZA symbol but with a new CUSIP number. According to InvestingPro analysis, the company maintains a healthy current ratio of 2.17, indicating sufficient liquidity to meet short-term obligations, though it faces challenges with rapid cash burn.

The split will automatically reclassify every 100 shares of issued and outstanding common stock into one share. No fractional shares will be issued, with any fractional shares rounded up to the nearest whole share.

LanzaTech will also decrease the par value of its common stock from $0.0001 to $0.0000001 per share and initially increase authorized shares from 600 million to 2.58 billion before proportionately decreasing to 25.8 million following the split.

Stockholders approved these changes at the company’s annual meeting on July 28, 2025. Proportionate adjustments will be made to LanzaTech’s outstanding equity awards and warrants, with the exercise price for each warrant following the split equaling one hundred times the pre-split price.

Stockholders holding shares electronically in book-entry form are not required to take any action to receive post-split shares. The company’s transfer agent, Continental Stock Transfer & Trust Company, is acting as the exchange agent for the reverse split.

LanzaTech specializes in transforming waste carbon into sustainable fuels, chemicals, materials, and protein using its biorecycling technology. While the company generated revenue of $48.8 million in the last twelve months with a gross profit margin of 45.3%, InvestingPro analysis reveals additional insights about the company’s financial health and future prospects in its comprehensive Pro Research Report, available along with 12 more exclusive ProTips for subscribers.

In other recent news, LanzaTech Global, Inc. has secured a £6.4 million grant from the UK government’s Advanced Fuels Fund. This funding will accelerate the development of sustainable aviation fuel projects, specifically the DRAGON 1 and DRAGON 2 initiatives, which aim to convert recycled carbon into aviation fuel. Additionally, LanzaTech has announced a planned workforce reduction at its Skokie, Illinois headquarters, expected to take effect by August 2025, as part of its transition from research and development to a more commercially oriented focus.

The company also held its 2025 Annual Meeting of Stockholders, where nine out of ten proposals were approved, including the election of Barbara Byrne and Reyad Fezzani as Class II directors. LanzaTech has amended its Series A Convertible Senior Preferred Stock Purchase Agreement with LanzaTech Global SPV, LLC, extending deadlines for financing activities. The amended agreement extends the maturity date of a related loan to December 3, 2029, with specific interest rates set for different periods.

Furthermore, LanzaTech fulfilled obligations under a Series A Convertible Senior Preferred Stock Purchase Agreement, securing necessary consents for transaction progression. These developments highlight LanzaTech’s ongoing efforts to enhance its financial and operational strategies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.