LanzaTech heads for Nasdaq in SPAC deal

Richard Branson announces Virgin Atlantic's support for LanzaTech's biofuel process in 2011. (Image: Getty)

Wed, 09 Mar 2022

Revolutionary carbon recycling technology company LanzaTech NZ Inc plans to go public on the Nasdaq by merging with special purpose acquisition company (SPAC) AMCI Acquisition Corp II.The route to the stock market mirrors that of fellow New Zealand-founded company Rocket Lab, which merged with a SPAC in 2021. SPACs, also known as “blank cheque companies”, are shell corporations that list on a stock exchange with the express purpose of acquiring a private company. This allows companies to go public but avoid the usual initial pu...

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