LanzaTech terminates Forward Purchase Agreement, pays $10M, retires 2.9M shares

LanzaTech Global, Inc.

On Oct 4, 2024, ACM triggered VWAP acceleration of FPA; LanzaTech settled in cash for $7.5M maturity + $2.5M share consideration.
LanzaTech chose cash settlement to avoid downward stock pressure and because share settlement would be at a market discount.
ACM returned ~2.9M common shares; LanzaTech will retire them, reducing outstanding shares to ~194.8M.
All obligations under the Forward Purchase Agreement are fully satisfied and the agreement is terminated.

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