AMCI Acquisition II filed a preliminary proxy outlining its proposed merger with carbon capture and transformation company LanzaTech. The deal carries an implied $1.8 billion pro forma enterprise value.
Announced in March, the deal calls for the combined company to receive gross proceeds of approximately $275 million, including AMCI’s $150 million of cash in trust (assuming no redemptions) and a committed PIPE of approximately $125 million from investors including AMCI, ArcelorMittal, BASF, K1W1, Khosla Ventures, Mitsui & Co., New Zealand Superannuation Fund, Oxy Low Carbon Ventures, Primetals Technologies, SHV Energy and Trafigura.
The deal is expected to close in the third quarter. Read more.
