LanzaTech Global amends preferred stock agreement and extends financing deadline

LanzaTech Global, Inc. (NASDAQ:LNZA), a company currently valued at $48.74 million and showing a significant 34.66% return over the past week despite an 82.83% year-to-date decline, announced amendments to its Series A Convertible Senior Preferred Stock Purchase Agreement and related documents, according to a press release statement based on a recent SEC filing.

On Monday, LanzaTech and LanzaTech Global SPV, LLC, a company controlled by an existing investor, entered into Amendment No. 2 to the Series A Convertible Senior Preferred Stock Purchase Agreement. The amendment extends the deadline for LanzaTech to complete a subsequent common stock financing of at least $35 million and up to $60 million to no later than October 15, 2025. This financing effort comes as InvestingPro data shows the company is quickly burning through cash, though it maintains more cash than debt on its balance sheet. The amendment also allows for multiple closings of such financings. Additional technical and clarifying changes were made to reflect approvals from the company’s annual meeting of shareholders held on July 28, 2025, and to implement the terms of the amendment.

On the same day, LanzaTech filed a Certificate of Amendment to the Amended and Restated Certificate of Designation of its Series A Convertible Senior Preferred Stock with the Secretary of State of Delaware. This filing updates the certificate to reflect the terms of the amended purchase agreement.

In connection with these changes, LanzaTech and the purchaser also entered into a Waiver Agreement. Under the waiver, the purchaser agreed to waive the company’s obligation to file a registration statement for certain shares of common stock by the previously required deadlines. Instead, LanzaTech will file the registration statement no later than 10 business days following the issuance of warrant shares. The waiver also includes other technical and clarifying changes.

LanzaTech’s common stock and warrants trade on The Nasdaq Stock Market LLC under the symbols LNZA and LNZAW, respectively.

All information is based on a press release statement and the company’s filing with the Securities and Exchange Commission.

In other recent news, LanzaTech Global, Inc. announced a 1-for-100 reverse stock split to maintain its Nasdaq listing. This move aims to comply with the Nasdaq Capital Market’s minimum bid price requirement, with the stock trading on a post-split basis starting August 19, 2025. At the company’s 2025 Annual Meeting of Stockholders, approximately 89% of voting power was represented, resulting in the approval of nine out of ten proposals. Among the approved items were the election of Barbara Byrne and Reyad Fezzani as Class II directors and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

Additionally, LanzaTech secured a £6.4 million grant from the UK government’s Advanced Fuels Fund to advance sustainable aviation fuel projects. This funding will support the DRAGON 1 and DRAGON 2 projects, focusing on converting recycled carbon into aviation fuel. DRAGON 1 will utilize LanzaJet’s Alcohol-to-Jet process at a facility in Port Talbot, South Wales. Meanwhile, DRAGON 2 will convert waste carbon dioxide and green hydrogen into ethanol for SAF production, with its UK location yet to be determined.

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