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LanzaTech (NASDAQ: LNZA) invests $2M as LanzaJet stake drops to 46%

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

LanzaTech Global reported a new investment and ownership change in its affiliate LanzaJet through a Series A preferred stock financing. The company bought 455,522 shares of LanzaJet Series A Preferred Stock at $4.390563 per share for a total of $2.0 million and exchanged 60,316,250 LanzaJet common shares for the same number of newly created Class C common shares.

Following this Series A transaction, LanzaTech Global’s ownership in LanzaJet is reduced from approximately 53% to about 46% on a fully diluted basis, considering all preferred stock, Class C common stock, warrants and convertible debt. LanzaTech Global will continue to account for its LanzaJet interest under the equity method.

A new Third Amended and Restated Stockholders’ Agreement gives LanzaTech Global one designated seat on LanzaJet’s seven-member board, and its designee serves as chairperson as long as LanzaTech Global and its affiliates retain at least 5% of LanzaJet’s fully diluted common shares.

Positive

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Negative

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Insights

LanzaTech funds LanzaJet with $2M while accepting a reduced but structured stake.

LanzaTech Global is participating in a LanzaJet Series A round by purchasing 455,522 preferred shares for $2.0 million and exchanging 60,316,250 common shares into Class C common stock. This recapitalization introduces new preferred equity while simplifying LanzaTech’s stake into a different share class.

The transaction lowers LanzaTech’s fully diluted ownership in LanzaJet from roughly 53% to about 46%, so LanzaJet is treated as an equity-method investment rather than a controlled subsidiary. Governance is partially preserved via one board seat and the chair role, tied to maintaining at least 5% fully diluted ownership.

Investor attention may focus on how LanzaJet’s performance later flows into LanzaTech’s equity-method earnings and whether the new capital structure and preferred stock terms influence future financing needs. Subsequent annual and quarterly reports covering periods after December 31, 2025 will reflect the updated ownership percentage and any earnings contribution.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 11, 2026
LanzaTech Global, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-4028292-2018969
(State or other jurisdiction
of incorporation)
(Commission File Number)(I.R.S. Employer
Identification No.)
8045 Lamon Avenue, Suite 400
Skokie, Illinois
60077
(Address of principal executive offices)(Zip Code)
(847) 324-2400
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolsName of each exchange on which registered
Common Stock, par value $0.0000001 per shareLNZAThe Nasdaq Stock Market LLC
Warrants to purchase Common StockLNZAWThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 1.01 Entry into a Material Definitive Agreement
Series A Preferred Stock Purchase and Exchange Agreement
On February 11, 2026, LanzaTech, Inc., a wholly owned subsidiary of LanzaTech Global, Inc. (“LanzaTech Global” and, together with LanzaTech, Inc., the “Company”), entered into a Series A Preferred Stock Purchase and Exchange Agreement (the “LanzaJet Series A Stock Purchase Agreement”) with LanzaJet, Inc. (“LanzaJet”) and the investors party thereto (the “Series A Investors”). Pursuant to the LanzaJet Series A Stock Purchase Agreement, LanzaJet agreed to (i) issue and sell shares of its Series A Preferred Stock (the “Series A Preferred Stock”), to the Series A Investors, (ii) subject to certain conditions (including participation requirements), permit certain holders of LanzaJet common stock (“LanzaJet Common Stock”), and certain warrants to purchase LanzaJet Common Stock, to exchange such shares and warrants for shares of newly created Class C common stock (“Class C Common Stock”), and warrants to purchase Class C Common Stock, respectively, on a 1:1 basis, and (iii) permit certain holders of convertible securities issued by LanzaJet to exchange or convert such securities into newly created preferred stock of LanzaJet (the transactions contemplated by the LanzaJet Series A Stock Purchase Agreement, the “Series A Transaction”). The Series A Transaction may be consummated in one or more closings, including an initial closing that occurred effective as of February 11, 2026 (the “Initial Closing”).
At the Initial Closing, the Company purchased 455,522 shares of Series A Preferred Stock from LanzaJet at a purchase price of $4.390563 per share, for an aggregate purchase price of $2.0 million, and exchanged 60,316,250 shares of LanzaJet Common Stock for 60,316,250 shares of Class C Common Stock.
In connection with the Series A Transaction, LanzaJet filed a Fifth Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which, among other things, authorized the issuance of the Series A Preferred Stock and Class C Common Stock and set forth the rights, preferences and privileges of such securities and related provisions contemplated by the Series A Transaction. The LanzaJet Series A Stock Purchase Agreement contains customary representations, warranties and covenants, as well as closing conditions and other customary provisions.
In connection with the Series A Transaction, the following agreements material to the Company were also entered into:
Third Amended and Restated Stockholders’ Agreement
Effective February 11, 2026, LanzaJet, the Company, and certain other stockholders of LanzaJet, including certain of the Series A Investors, entered into a Third Amended and Restated Stockholders’ Agreement (the “Third A&R LanzaJet Stockholders’ Agreement”), which amended and restated that certain Second Amended and Restated Stockholders’ Agreement, dated as of October 16, 2025, to reflect the issuance of the Series A Preferred Stock and the admission of additional stockholders as parties thereto, and to modify certain governance, transfer and other provisions in connection with the Series A Transaction.
Among other things, the Third A&R LanzaJet Stockholders’ Agreement provides for a board of directors of LanzaJet (the “LanzaJet Board”) consisting of seven directors, including one director designated by the Company so long as the Company (together with its applicable affiliates) continues to beneficially own at least 5% of LanzaJet’s fully diluted common shares (as provided under the Third A&R LanzaJet Stockholders’ Agreement). The Third A&R LanzaJet Stockholders’ Agreement also provides that the chairperson of the LanzaJet Board will be the Company’s designee and includes updated provisions relating to transfer restrictions, rights of first refusal, drag-along rights, information rights, indemnification rights and preemptive rights applicable to the stockholders of LanzaJet, including the Company.
Effect on the Company’s Investment in LanzaJet
As previously disclosed, the Company held approximately 53% of LanzaJet’s outstanding common stock as of December 2025 on a fully diluted basis. As a result of the Series A Transaction, the Company’s ownership interest in LanzaJet Common Stock has been reduced to approximately 46%, on a fully diluted basis, assuming the conversion of all outstanding shares of Class C Common Stock, Series A Preferred Stock, other series of LanzaJet preferred stock issued and outstanding, warrants to purchase capital stock of LanzaJet and convertible debt of LanzaJet and its subsidiaries. The Company accounts for its investment in LanzaJet under the equity method of accounting.
The foregoing descriptions of the LanzaJet Series A Stock Purchase Agreement and the Third A&R LanzaJet Stockholders’ Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, copies of which will be filed as exhibits to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
2


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LANZATECH GLOBAL, INC.
Dated: February 18, 2026
By:
/s/ Maryann Maas
Name:
Maryann Maas
Title:
Interim General Counsel
3

FAQ

What transaction between LanzaTech Global (LNZA) and LanzaJet was disclosed?

LanzaTech Global disclosed a Series A financing for LanzaJet. It bought Series A Preferred Stock for $2.0 million and exchanged 60,316,250 LanzaJet common shares into an equal number of new Class C common shares as part of a broader recapitalization.

How much did LanzaTech Global invest in LanzaJet’s Series A preferred round?

LanzaTech Global invested $2.0 million into LanzaJet. It purchased 455,522 shares of LanzaJet Series A Preferred Stock at a price of $4.390563 per share, providing fresh equity capital to LanzaJet as part of the Series A transaction.

How did the Series A transaction affect LanzaTech Global’s ownership in LanzaJet?

The Series A transaction reduced LanzaTech Global’s fully diluted ownership in LanzaJet. Its interest fell from approximately 53% in December 2025 to about 46% on a fully diluted basis, reflecting new preferred equity, Class C common stock, warrants, and convertible debt outstanding.

Will LanzaTech Global continue consolidating LanzaJet after this ownership change?

LanzaTech Global will not consolidate LanzaJet but uses the equity method. The filing states that the company accounts for its investment in LanzaJet under the equity method of accounting, which continues after the ownership decrease to about 46% fully diluted.

What governance rights does LanzaTech Global retain at LanzaJet after the Series A round?

LanzaTech Global retains key governance rights through a stockholders’ agreement. LanzaJet’s board has seven directors, including one designated by LanzaTech Global, and the company’s designee serves as chairperson as long as LanzaTech Global and its affiliates own at least 5% fully diluted.

What is the purpose of LanzaJet’s Third Amended and Restated Stockholders’ Agreement?

The Third Amended and Restated Stockholders’ Agreement updates LanzaJet’s governance for the new capital structure. It reflects issuance of Series A Preferred Stock, adds new stockholders, and revises board composition, transfer limits, rights of first refusal, drag-along rights, information rights, indemnification, and preemptive rights.

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