Revolutionary technology has potential to expand feedstock for HEFA pathway for SAF, while eliminating palm oil dependency across industriesCHICAGO, Sept. 02, 2025 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a leader in carbon management solutions, is proud to announce an innovative advancement with the potential to transform global sustainable aviation fuel (SAF) production. Having successfully commercialized its technology to produce ethanol for SAF via the Al ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40282 For the quarterly period ended June 30, 2025 OR LanzaTech Global, Inc. (Exact name of registrant as specified in its charter) Delaware 92-2018969 (State or other jurisdiction of incorporation or organizati ...

LanzaTech Reports Second Quarter 2025 Financial Results Continued Focus on Operational Execution and Strategic Transformation SKOKIE, IL., August 19, 2025 – LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), a carbon management solutions company, today reported its financial and operating results for the second quarter ended June 30, 2025. Second Quarter Highlights: Second Quarter 2025 Financial Results The table below outlines key results for the three and six month ended June 30, 2025 a ...

Core Insights - LanzaTech Global, Inc. reported a significant decrease in revenue for Q2 2025, totaling $9.1 million, down from $17.4 million in Q2 2024, primarily due to declines in licensing and engineering services [7][3] - The company is undergoing strategic transformations to enhance operational efficiency and profitability, including leadership changes and workforce reductions [6][14] - LanzaTech received a £6.4 million grant from the UK government to support the development of two commercial-scale Sustainable Aviation Fuel (SAF) facilities [6] Financial Performance - Revenue for the six months ended June 30, 2025, was $18.6 million, compared to $27.6 million for the same period in 2024 [3] - The cost of revenue increased by 13% year-over-year to $6.2 million in Q2 2025, influenced by a shift in revenue mix [9] - Operating expenses rose to $35.1 million in Q2 2025 from $34.7 million in Q2 2024, mainly due to higher professional fees [10] Loss Metrics - The net loss for Q2 2025 was $32.5 million, compared to $27.8 million in Q2 2024, with a notable non-cash gain on financial instruments partially offsetting losses [11] - Adjusted EBITDA loss increased to $29.7 million in Q2 2025 from $17.8 million in the same period last year, driven by higher operational costs and lower revenue [12] Balance Sheet and Liquidity - As of June 30, 2025, LanzaTech had $39.6 million in total cash and investments, up from $23.4 million as of March 31, 2025, following a $40 million preferred equity financing [13] - The total liabilities as of June 30, 2025, were $128.3 million, compared to $161.2 million in the previous year [25] Strategic Initiatives - The company is focusing on scaling its business in the sustainable aviation fuel market, leveraging its proprietary gas fermentation technology [6][14] - LanzaTech aims to align its cost structure with long-term objectives through strategic partnerships and commercial project advancements [6][14]

Core Viewpoint - LanzaTech Global, Inc. is implementing a 1-for-100 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement, effective August 18, 2025 [2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of shares from 600 million to 2.58 billion authorized shares, with a par value change from $0.0001 to $0.0000001 per share [1]. - Post-split, every 100 shares will be combined into 1 share, and fractional shares will be rounded up to the nearest whole share [3][4]. - The new CUSIP number for the common stock will be 51655R200, and trading will continue under the symbol "LNZA" [3]. Group 2: Impact on Shareholders - The reverse stock split will affect all shareholders uniformly, maintaining their percentage interest in the company's equity, except for rounding adjustments [4]. - Stockholders holding shares electronically will not need to take action to receive post-split shares, while those with brokers should contact their holders for further information [5]. Group 3: Company Overview - LanzaTech is a carbon recycling company that transforms waste carbon into sustainable fuels, chemicals, materials, and protein, utilizing biorecycling technology to capture carbon emissions [6].

Core Insights - LanzaTech Global, Inc. has received a £6.4 million grant from the UK government's Advanced Fuels Fund to advance its DRAGON 1 & 2 projects, which are essential for producing sustainable aviation fuel (SAF) in the UK [1][2][8] Group 1: Project Details - The DRAGON 1 project will convert recycled carbon fuel ethanol into Advanced SAF in Port Talbot, South Wales, utilizing the LanzaJet® Alcohol-to-Jet (AtJ) process [3] - The DRAGON 2 project will be a Power-to-Liquid (PtL) facility that converts waste carbon dioxide and green hydrogen into ethanol for subsequent conversion into PtL SAF [4] - The integration of LanzaTech's gas fermentation process with LanzaJet's AtJ technology provides a competitive advantage by transforming regional waste resources into valuable SAF [5] Group 2: Government Support and Funding - The UK government's investment in these projects highlights its confidence in LanzaTech's technology and its potential to significantly enhance the UK's SAF production [6] - The total government contributions through the Advanced Fuels Fund have now reached £198 million, aimed at expanding cleaner aviation technologies [8] - The funding supports a variety of pathways and feedstocks for SAF production, reflecting the UK government's inclusive approach to achieving net-zero aviation [8] Group 3: Strategic Partnerships and Future Outlook - LanzaTech holds a 36% ownership stake in Project Speedbird, which also received £10 million in funding from the Advanced Fuels Fund, further demonstrating government trust in LanzaTech's technology portfolio [7] - The partnership between LanzaTech and LanzaJet aims to create CirculAir™, which transforms various forms of waste carbon into SAF, providing a global solution for the aviation industry [7] - LanzaTech is committed to collaborating with the UK government and industry partners to scale solutions that convert waste carbon into sustainable growth opportunities [9]

Leadership Changes - Sushmita Koyanagi has been appointed as Chief Financial Officer, effective June 2, 2025, succeeding Justin Pugh, who served as interim CFO since January 2025 [1][3] - Amanda Fuisz will assume the role of interim General Counsel, effective June 13, 2025, succeeding Joseph Blasko [2][3] Cost Reduction and Strategic Focus - The leadership changes are part of a strategy to streamline operations and reduce costs, with anticipated annual cost reductions of approximately $1 million [5] - The company aims to better allocate resources towards promising commercial opportunities, particularly in sustainable aviation fuel production [5] Board of Directors Update - Gary Rieschel, a long-serving board member, will retire at the conclusion of his current term and will not seek re-election at the Annual Meeting of Stockholders on July 21, 2025 [4][5]

Financial Performance - For the three months ended March 31, 2025, total revenue was $9.48 million, a decrease of 7% compared to $10.24 million in the same period of 2024[226]. - Net loss for the three months ended March 31, 2025, was $19.23 million, representing a 24.6% improvement from a net loss of $25.51 million in the prior year[230]. - Adjusted EBITDA for the three months ended March 31, 2025, was $(30.51) million, a decline of 38% from $(22.15) million in the prior year[226]. - Total revenue decreased by $0.8 million, or 7.4%, for the three months ended March 31, 2025, compared to the prior year period[231]. - Engineering and other services revenue decreased by $2.7 million, while CarbonSmart sales increased by $3.3 million[231]. - Operating expenses for the three months ended March 31, 2025, totaled $33.02 million, an increase of 11.5% from $29.63 million in the same period of 2024[230]. - SG&A expenses increased by $4.7 million, or 42.7%, primarily due to higher professional fees[234]. - R&D expenses decreased by $0.6 million, or 3.3%, mainly due to a reduction in consumables and facilities expenses[233]. - Cash flows used in operating activities decreased by $7.2 million, or 25%, in the three months ended March 31, 2025, compared to the same period in 2024[264]. - The company provided $4.3 million in net cash from investing activities for the three months ended March 31, 2025, down from $9.2 million in the same period in 2024[265]. Revenue Sources - Recurring revenue increased by 115% to $1.21 million for the three months ended March 31, 2025, compared to $0.56 million in the same period of 2024[226]. - Cost of revenues increased by $0.7 million, or 11.0%, primarily due to increased sales of CarbonSmart products[232]. Cash and Liquidity - Cash and cash equivalents decreased by $29.7 million, or 64.9%, primarily due to funding net losses and loan repayments[239]. - As of March 31, 2025, the company reported cash and cash equivalents of $13.8 million, short-term held-to-maturity debt securities of $7.4 million, and an accumulated deficit of $(988.8) million[256]. - The company is projecting that its existing cash and short-term debt securities will not be sufficient to fund operations through the next twelve months, raising substantial doubt about its ability to continue as a going concern[257]. - Held-to-maturity security investments totaled $7.4 million as of March 31, 2025, down from $12.4 million as of December 31, 2024[240]. Financing Activities - The Company entered into a Series A Convertible Senior Preferred Stock Purchase Agreement on May 7, 2025, raising $40 million[221]. - The Company plans to pursue a Subsequent Financing of $35 million to $60 million at a price per share of $0.05, subject to stockholder approvals[224]. - The company entered into a Loan Agreement with Brookfield, resulting in a loan of approximately $60 million, which includes an initial principal payment of $12.5 million[254]. - The company agreed to issue and sell 20,000,000 shares of Series A Preferred Stock for an aggregate purchase price of $40 million[259]. - The company plans to pursue capital raising and other strategic options to enhance liquidity[258]. Operational Developments - The Company launched CirculAir™, a new joint offering for sustainable aviation fuel and renewable diesel, in June 2024[217]. - The Company has established multiple commercial plants globally, including in China, India, and Belgium, with ongoing developments in various countries[217]. Other Income and Expenses - Interest income, net decreased by $0.7 million due to lower cash balances[235]. - Other income, net increased by $17.7 million, driven by a $34.3 million gain from the decrease in fair value of the Convertible Note[236]. - The company repaid $12.5 million of the Brookfield Loan during the three months ended March 31, 2025[266].

Revenue Performance - Reported total revenue of $12.0 million for fourth-quarter 2024, down 41% from $20.5 million in fourth-quarter 2023, primarily due to project completions and timing delays in large biorefining projects [4] - Full-year 2024 revenue was $49.6 million, a decrease of 21% compared to $62.6 million in 2023, attributed to project completions and timing delays [4] - CarbonSmart™ revenue for fourth-quarter 2024 increased by 88% to $3.9 million, compared to $2.1 million in fourth-quarter 2023, due to new licensing arrangements [9] - Total revenues for the year ended December 31, 2024, were $49,592, a decrease of 20.9% compared to $62,631 in 2023 [23] Profitability and Losses - Gross profit for fourth-quarter 2024 was $6.5 million, resulting in a gross margin of 54%, compared to $8.5 million in fourth-quarter 2023 [7] - Net loss for fourth-quarter 2024 was $27.0 million, compared to a net loss of $18.7 million in fourth-quarter 2023 [10] - Adjusted EBITDA loss for fourth-quarter 2024 was $21.2 million, compared to a loss of $19.6 million in fourth-quarter 2023 [11] - Net loss for the year ended December 31, 2024, was $137,731, compared to a net loss of $134,098 in 2023, reflecting a slight increase in losses [23] - The company reported a total net loss of $137.731 million for the year ended December 31, 2024, compared to $134.098 million in 2023, indicating a 2.0% increase in annual losses [30] Expenses and Cash Flow - Operating expenses increased to $33.5 million for fourth-quarter 2024, up from $27.1 million in fourth-quarter 2023, driven by project-related expenses [8] - Cash and cash equivalents decreased to $43,499 as of December 31, 2024, down 42.3% from $75,585 in 2023 [20] - The company had a net cash used in operating activities of $89,060 for the year ended December 31, 2024, compared to $97,296 in 2023, indicating improved cash flow management [25] - The company incurred transaction costs of $451 thousand related to the issuance of FPA during the year [30] Assets and Liabilities - Total assets decreased to $174,683 in 2024, down 27.7% from $241,624 in 2023 [20] - Total liabilities increased to $161,236 in 2024, up 26.8% from $127,153 in 2023 [20] Research and Development - Research and development expenses for the year ended December 31, 2024, were $77,007, an increase of 13.5% compared to $68,142 in 2023 [23] Strategic Initiatives - The company is shifting its operational focus from R&D to global deployment of its technology, aiming to improve cost structure [4] - Management is evaluating liquidity-enhancing initiatives, including capital raising and strategic partnerships, to address going concern doubts [4] Shareholder Information - The weighted-average number of common shares outstanding for the year ended December 31, 2024, was 197,579,945, compared to 176,023,219 in 2023, reflecting an increase in shares [23] Other Financial Metrics - Adjusted EBITDA for the year ended December 31, 2024, was $(88.212) million, compared to $(80.144) million in 2023, indicating a 10.0% increase in losses [30] - Stock-based compensation expense for Q4 2024 was $6.191 million, while the change in fair value of SAFE and warrant liabilities was recorded as $4.679 million for the year [30] - Loss from equity method investees increased to $6.299 million in Q4 2024 from $1.961 million in Q4 2023, marking a significant rise of 220.0% [30] - Interest income, net decreased to $(710) thousand in Q4 2024 from $(1.408) million in Q4 2023, reflecting a 49.7% decline [30] - The change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities for the year was $23.283 million, down from $44.300 million in 2023 [30] - One-time costs related to the Business Combination and regulatory matters were $4.693 million in 2023, which are not expected to recur in the future [31] - Depreciation expense for the year ended December 31, 2024, was $5.567 million, slightly up from $5.452 million in 2023 [30]

CHICAGO, May 19, 2025 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), a carbon management solutions company, today reported its financial and operating results for the first quarter of 2025. (1) See "Non-GAAP Financial Measures" and "Reconciliations of GAAP Net Loss to Adjusted EBITDA" sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. Revenue Cost of Revenue Reported total revenue of $9.5 million for the first ...