LanzaTech Global, Inc. (LNZA): debt financing — AMCI draws $1.27M from sponsor note for LanzaTech business combination closing

LanzaTech Global, Inc.

Drew $1,274,276 under Sponsor Convertible Note on January 19, 2023.
Proceeds used for expenses related to closing the business combination with LanzaTech NZ, Inc.
Note due earlier of August 6, 2023 or effective date of combination; convertible into warrants at $1.00 per warrant.
CEO Nimesh Patel is managing member of lender AMCI Sponsor II LLC, a related party.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LanzaTech Global, Inc. incurred convertible notes of $1,274,276 with AMCI Sponsor II LLC maturing the earlier of (i) August 6, 2023 and (ii) the effective date of an initial business combination.

Instrument: convertible notes
Principal: $1,274,276
Counterparty: AMCI Sponsor II LLC
Maturity: the earlier of (i) August 6, 2023 and (ii) the effective date of an initial business combination
Event: incurrence

Exact text from the filing

As previously reported, on March 28, 2022, AMCI Acquisition Corp. II (the “Company”) issued an unsecured convertible promissory note (the “Sponsor Convertible Note”) to AMCI Sponsor II LLC (the “Sponsor”), pursuant to which the Company may borrow up to $1,500,000 from the Sponsor for expenses related to an initial business combination. On January 19, 2023, the Company drew $1,274,276 under the Sponsor Convertible Note

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LanzaTech Global, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-005460

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