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LanzaTech Global, Inc. (NASDAQ:LNZA), currently trading at $0.41 with a market capitalization of $113 million, held its 2025 Annual Meeting of Stockholders on Monday, with approximately 89% of voting power represented. The meeting comes as InvestingPro data shows the company’s stock has declined 70% year-to-date, though recent weeks have shown some recovery with a 14% gain. According to a statement based on a recent SEC filing, stockholders voted on ten proposals, approving nine and rejecting one.
Stockholders elected Barbara Byrne and Reyad Fezzani as Class II directors, each to serve until the 2028 annual meeting. The appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified.
An advisory vote approved the compensation of named executive officers as disclosed in the company’s proxy statement. Stockholders also approved an amendment to the certificate of incorporation to increase the number of authorized shares of common stock from 600 million to 2.58 billion.
A reverse stock split at a 100-for-1 ratio and a corresponding decrease in authorized shares were approved. An amendment to decrease the par value of common stock from $0.0001 to $0.0000001 per share also received approval.
Two proposals related to Nasdaq Listing Rules 5635(b) and 5635(d) were approved, authorizing the issuance of shares of common stock upon conversion of preferred stock, exercise of warrants, and in connection with a potential financing, which may exceed 19.9% of outstanding shares.
Stockholders did not approve a proposal to amend the certificate of incorporation to allow action by written consent.
Additionally, the meeting approved the possibility of adjourning the annual meeting if necessary, though no adjournment occurred.
The voting results for each proposal were detailed in the company’s SEC filing. LanzaTech Global’s common stock and warrants are listed on The Nasdaq Stock Market LLC under the symbols LNZA and LNZAW, respectively.
In other recent news, LanzaTech Global, Inc. has secured a £6.4 million grant from the UK government’s Advanced Fuels Fund to advance its sustainable aviation fuel projects in the United Kingdom (TADAWUL:4280). This funding will support the company’s DRAGON 1 and DRAGON 2 projects, which aim to convert recycled carbon into aviation fuel. Additionally, LanzaTech Global has announced plans for a workforce reduction at its Skokie, Illinois headquarters, with the changes expected to take effect by August 10, 2025, as part of its transition towards commercial operations.
The company also reported fulfilling obligations under a Series A Convertible Senior Preferred Stock Purchase Agreement with LanzaTech Global SPV, LLC. This agreement involved securing the consent of a lender to proceed with the transaction, contingent on amended agreements. Furthermore, LanzaTech has amended the stock purchase agreement with LanzaTech Global SPV, LLC, extending key deadlines for issuing warrants and financing activities. These amendments allow for the extension of the issuance date of warrants until May 7, 2026, contingent on stockholder approvals and a financing event.
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