Vellar Opportunity Fund SPV LLC – Series 10 Issues Statement in Response to LanzaTech Claims

PHILADELPHIA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Vellar Opportunity Fund SPV LLC – Series 10 ("Vellar",) today issues the following statement in response to claims by LanzaTech Global, Inc., a Delaware corporation ("LanzaTech"). On February 3, 2023, LanzaTech entered into an OTC Prepaid Forward Transaction ("Forward Purchase Agreement" or "FPA") with ACM ARRT H LLC ("ACM"). Pursuant to an Assignment and Novation Agreement, dated February 3, 2023, ACM novated a portion (equivalent to 50%) of its rights and ob ...