AMCI enters forward purchase agreement for up to 10M shares to support LanzaTech merger

LanzaTech Global, Inc.

Seller ACM ARRT H LLC may buy up to 10M Class A AMCI shares from redeeming holders before closing.
Prepayment Amount = (Number of Shares × Redemption Price) minus up to $2.5M Prepayment Shortfall.
Trust account held $152.36M as of Feb 3, 2023; funds will be disbursed at/after closing.
Maturity 3 years post-close; acceleration triggers if VWAP below $3/$6 thresholds.
Shortfall Warrants exercisable at Reset Price may be issued up to 10M shares less Recycled Shares.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LanzaTech Global, Inc. entered into Forward Purchase Agreement with ACM ARRT H LLC (effective 2023-02-03).

Action: entry
Agreement: equity purchase
Counterparty: ACM ARRT H LLC
Effective: 2023-02-03

Exact text from the filing

On February 3, 2023, AMCI, LanzaTech and ACM ARRT H LLC (the “Seller”) entered into an agreement (the “Forward Purchase Agreement”) for an over-the-counter Equity Prepaid Forward Transaction

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LanzaTech Global, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-010845

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