LanzaTech targets ~$30M annual cash cost savings, plans 10-15% workforce reduction

LanzaTech Global, Inc.

Targeting ~$30M in annual cash operating expense reductions through cost structure right-sizing.
Evaluating partnership for LanzaTech Nutritional Protein (LNP) and proceeding with LanzaX spin-off.
Expects workforce reduction of approximately 10-15% to improve cost efficiency.
Rescheduled Q4/FY2024 earnings call to March 31, 2025, to align with 10-K filing.

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