LanzaTech increases LanzaJet ownership to ~36%, with future tranches to ~53% over 12-18 months

LanzaTech Global, Inc.

Ownership in LanzaJet rose to ~36% from ~23% after receiving first of three equity tranches on June 18, 2024.
Future tranches could raise stake to ~46% and ~53% over next 12-18 months, subject to project development and ATJ deployment pace.
First tranche triggered by LanzaJet's license agreement with Jet Zero Australia for Australia's first ethanol-to-SAF plant.
CEO highlights value creation for stockholders and path to profitability via collaborative waste-to-ethanol to SAF projects.

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