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]

Core Insights - LanzaTech is transitioning from an innovation hub to a profitable enterprise, aiming for approximately $30 million in annual cash operating expense reductions [1][4] - The company is focusing on globally deploying proven technology and pursuing high-impact commercial projects aligned with profitability [2][4] - A strategic spin-out of its synthetic biology platform, LanzaX, and evaluation of scale-up opportunities for LanzaTech Nutritional Protein (LNP) are part of this transition [2] Financial and Operational Updates - The fourth quarter and full-year 2024 earnings call has been rescheduled to March 31, 2025, to align with the filing of the Annual Report on Form 10-K [1][5] - The company is implementing measures to evaluate its global footprint, which may lead to a workforce reduction of approximately 10 to 15 percent [4] Project Developments - High-priority commercial projects include waste-based ethanol-to-Sustainable Aviation Fuel (SAF) facilities in the UK and EU, each with a capacity of 30 million gallons per year [3] - The LanzaTech and LanzaJet CirculAir™ solution will be utilized in these projects to create an efficient offering for the aviation industry [3]