AMCI II (NASDAQ:AMCI) announced this morning that it has added a $50 million PIPE to its combination with renewable materials-maker LanzaTech.
Woodside Energy (ASX:WDS) is investing in this PIPE at $10 per share and the two sides expect a strategic collaboration to follow, accelerating LanzaTech’s scale-up as it seeks out new ways to capture carbon and turn it into new industrial feedstocks.
The parties noted in an 8-K that, in addition to cementing this partnership, the move is a part of efforts by both sides to fully cover the transactions $250 million minimum cash condition with committed capital. So far, $180 million has been lined up including a $125 million PIPE at announcement.
Earlier this month, AMCI II announced that Brookfield Renewable has agreed to invest $500 million to efforts to construct and operate new LanzaTech projects that have achieved certain pre-agreed milestones. Following the initial investment, Brookfield has disclosed that it could commit to making an additional $500 million available if sufficient projects are available at the agreed milestones.
The SPAC announced its $1.8 billion business combination with LanzaTech on March 8. The Chicago-based company is developing carbon-capture plants designed to provide a number of carbon negative outputs ranging from jet fuel to consumer packaging materials.
On October 6, the company received $18.5 million in grant funding from the US Department of Energy to attempt to produce technology allowing for carbon-negative biomanufacturing.
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...