ArcelorMittal, Mitsui, Novo, Siemens and Petronas are in line to exit the carbon recycling technology provider, which is set for a Nasdaq listing.
LanzaTech, a US-based carbon capture technology developer backed by corporates ArcelorMittal, Mitsui, Novo, Siemens and Petronas, agreed a reverse merger with special purpose acquisition company (SPAC) AMCI Acquisition Corp II on Tuesday.
The transaction will give the combined business a pro forma equity valuation of approximately $2.2bn and it will take the spot on the Nasdaq Capital Market secured by AMCI Acquisition Corp II in a $150m initial public offering in August 2021.
The deal will be boosted by…
