Lanzatech Global Inc.
09/26/2025 | Press release | Distributed by Public on 09/26/2025 14:33
Material Agreement, Amendments to Bylaws (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
Amendment to Series A Convertible Senior Preferred Stock Purchase Agreement
As previously disclosed, on May 7, 2025, LanzaTech Global, Inc. (the "Company") and LanzaTech Global SPV, LLC, an entity controlled by an existing investor (the "Purchaser"), entered into a Series A Convertible Senior Preferred Stock Purchase Agreement (as amended by Amendment No. 1 to the Series A Convertible Senior Preferred Stock Purchase Agreement, dated June 2, 2025, the "Purchase Agreement") pursuant to which the Company issued and sold on such date 20,000,000 shares of its preferred stock designated as "Series A Convertible Senior Preferred Stock" (the "Preferred Stock"), to the Purchaser for an aggregate purchase price of $40,000,000.
On September 22, 2025, the Company and the Purchaser entered into Amendment No. 2 to the Series A Convertible Senior Preferred Stock Purchase Agreement (the "Purchase Agreement Amendment") whereby the parties mutually agreed to (i) extend the date by which the Company may complete a "Subsequent Financing" of common stock of the Company with proceeds to it of not less than $35,000,000 and not more than $60,000,000, to no later than October 15, 2025 and to permit multiple financing closings and (ii) make certain other technical, conforming, clarifying or other changes, including to reflect the shareholder approvals from the Company's annual meeting of shareholders held on July 28, 2025 and those to effectuate the terms of the Purchase Agreement Amendment and CoD Amendment (as defined below).
Amendment to Amended and Restated Certificate of Designation
On September 22, 2025, the Company filed a Certificate of Amendment to the Amended and Restated Certificate of Designation of Series A Convertible Senior Preferred Stock (the "CoD Amendment") with the Office of the Secretary of State of the State of Delaware. The CoD Amendment reflects the Purchase Agreement Amendment described above.
Waiver Agreement
In connection with the Purchase Agreement Amendment, the Company and the Purchaser entered into a Waiver Agreement, effective as of September 22, 2025 (the "Waiver Agreement"), pursuant to which the Purchaser waived the obligation of the Company under the Registration Rights Agreement, dated as of May 7, 2025 and as modified as of May 31, 2025, between the Company and the Purchaser to file a registration statement with respect to certain shares of common stock (the "Registration Statement") no later than the earlier of (i) 45 calendar days following receipt of the Requisite Stockholder Approvals (as defined in the Purchase Agreement Amendment) and (ii) 10 business days following the issuance of the shares of common stock upon exercise of a warrant (the "Warrant Shares"), and the Company agreed to file the Registration Statement no later than 10 business days following the issuance of the Warrant Shares. The Purchaser and the Company also agreed to certain other technical, conforming, clarifying and other changes, including to reflect the foregoing.
The foregoing summaries of the Purchase Agreement Amendment, the CoD Amendment and the Waiver Agreement do not purport to be complete and are qualified in their entirety by the full text thereof, copies of which are being filed as Exhibits 10.1, 3.1 and 10.2, respectively, to this Current Report on Form 8-K, and are incorporated by reference herein. The Purchase Agreement Amendment, the CoD Amendment and the Waiver Agreement are not intended to be a source of factual, business or operational information about the Company or its subsidiaries.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
To the extent required by Item 5.03 of Form 8-K, the information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
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