LanzaTech (NASDAQ: LNZA) JV prices Hong Kong IPO at US$1.86, valued at US$750M
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
LanzaTech Global, Inc. reported that its joint venture, Beijing Shougang LanzaTech Technology Co., Ltd., completed an initial public offering of 40 million H Shares on the Hong Kong Stock Exchange at a price equivalent to about US$1.86 per share, raising roughly US$75 million in gross proceeds.
The pricing implies a market capitalization of about US$750 million for the JV, whose revenue ranged between roughly US$87 million and US$77 million annually from 2023-2025. LanzaTech did not sell any shares or receive proceeds and now holds 33,520,231 H Shares, representing about 8.38% of the JV’s total issued share capital upon listing.
The company is evaluating the transaction’s accounting and financial reporting implications under U.S. GAAP, with any effects to be reflected in future periodic reports.
Positive
- None.
Negative
- None.
Insights
JV IPO sets a market value signal but no direct cash for LanzaTech.
The joint venture’s IPO on the Hong Kong Stock Exchange raised about US$75 million at roughly US$1.86 per H Share, implying a US$750 million market capitalization. LanzaTech’s stake moves from about 9.31% pre-offering to 8.38% after listing.
LanzaTech did not sell shares and receives no offering proceeds, so near-term cash flow does not change. However, the quoted value for the JV may affect the carrying value of LanzaTech’s equity investment under U.S. GAAP once their evaluation is complete.
Future periodic reports will show any accounting adjustments tied to this new market benchmark. Investors can then see how the JV’s public valuation, and revenue history of roughly US$87–US$77 million from 2023–2025, translates into LanzaTech’s reported balance sheet value.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
JV shares offered: 40,000,000 H Shares
IPO offer price: US$1.86 per H Share
JV IPO gross proceeds: US$75 million
+5 more
8 metrics
JV shares offered
40,000,000 H Shares
Initial public offering on Hong Kong Stock Exchange
IPO offer price
US$1.86 per H Share
Final offer price based on applicable exchange rate
JV IPO gross proceeds
US$75 million
Gross proceeds to Shougang LanzaTech before expenses
JV implied market cap
US$750 million
Implied capitalization upon listing based on offer price
LanzaTech post-IPO holding
33,520,231 H Shares
Represents about 8.38% of JV share capital upon listing
LanzaTech pre-IPO stake
9.31% equity interest
Ownership in JV prior to the offering
JV annual revenue range
US$87–US$77 million
Revenue during the 2023–2025 period per IPO prospectus
JV operating facilities
4 commercial facilities
Using LanzaTech’s carbon recycling technology platform
Key Terms
initial public offering, H Shares, implied market capitalization, U.S. GAAP, +2 more
6 terms
initial public offering financial
"completed its initial public offering of 40 million H Shares on The Stock Exchange"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
implied market capitalization financial
"upon listing Shougang LanzaTech had an implied market capitalization of approximately US$750 million"
U.S. GAAP financial
"impact on the carrying value of its investment under applicable U.S. GAAP"
U.S. GAAP is a set of rules and standards that companies in the United States follow to prepare their financial reports. It helps ensure that financial information is consistent and clear, so investors and others can compare and understand a company's financial health easily.
sustainable aviation fuel technical
"waste-derived ethanol-to- SAF, where commercially proven pathways can unlock access"
Sustainable aviation fuel is a low‑carbon replacement for conventional jet fuel made from renewable sources (like plant residues, waste oils, or captured carbon) but refined to meet the same safety and performance rules as regular jet fuel. Investors care because SAF can lower airlines’ carbon footprints and exposure to tightening regulations, create new supply and cost dynamics in the fuel market, and drive long‑term demand shifts — like using cleaner fuel in the same airplane.
forward-looking statements regulatory
"This press release contains forward-looking statements. All statements, other than statements of historical fact"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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): June 3, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (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 class | Trading Symbols | Name of each exchange on which registered | ||||||||||||
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 8.01 Other Events.
On June 3, 2026, Beijing Shougang LanzaTech Technology Co., Ltd. (“Shougang LanzaTech”), a joint venture in which LanzaTech Global, Inc. (the “Company”) held an approximately 9.31% equity interest, prior to the offering described below, completed its initial public offering of 40 million H Shares on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).
The final offer price was priced at a U.S. dollar equivalent of approximately US$1.86 per H Share, based on the applicable exchange rate, resulting in gross proceeds to Shougang LanzaTech of approximately US$75 million, before deducting offering expenses. Based on the final offer price, upon listing Shougang LanzaTech had an implied market capitalization of approximately US$750 million. Trading of the shares commenced on the Hong Kong Stock Exchange on June 3, 2026 under the stock code “02553”.
Shougang LanzaTech operates four commercial facilities utilizing the Company’s carbon recycling technology platform, which converts industrial carbon emissions into fuels and other products. According to information disclosed in Shougang LanzaTech’s initial public offering prospectus, revenue has ranged between approximately US$87 million and US$77 million during the 2023-2025 period.
The Company did not sell any shares in connection with the offering and did not receive any proceeds from the transaction. Following completion of the offering, the Company held, through its subsidiary, 33,520,231 H Shares of Shougang LanzaTech, representing approximately 8.38% of Shougang LanzaTech’s total issued share capital upon listing.
The Company is evaluating whether the transaction has any accounting or financial reporting implications, including any potential impact on the carrying value of its investment under applicable U.S. GAAP. Any such impacts will be reflected in the Company’s future periodic reports, as applicable.
A copy of the Company’s press release announcing the completion of the initial public offering is attached hereto as Exhibit 99.1 and incorporated herein by reference.
2
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description | |||||||
99.1 | LanzaTech Press Release, dated June 03, 2026. | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
3
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: June 04, 2026 | By: | /s/ Maryann Maas | |||||||||
Name: | Maryann Maas | ||||||||||
Title: | General Counsel-Corporate Secretary | ||||||||||
4
LanzaTech JV Successful IPO Underscores Strategic Value of More Secure Fuel Supply Skokie,IL., June 3, 2026 -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, announced that Beijing Shougang LanzaTech Technology Co., Ltd. (the “JV”), a joint venture in which LanzaTech held a 9.31% equity stake prior to the offering described below, has launched its Initial Public Offering (IPO) of 40 million H-Shares at a public offering price equivalent to approximately US$1.86 per share, based on applicable exchange rates, on the Hong Kong Stock Exchange. The offering raised gross proceeds of approximately US$75M before underwriting discounts and commissions. Based on the offering price, the JV had an implied market capitalization of approximately US$750M upon listing. The JV’s ordinary shares commenced trading today on the Hong Kong Stock Exchange, under the stock code 02553. Following completion of the offering, the Company held, through its subsidiary, 33,520,231 H Shares of Shougang LanzaTech, representing approximately 8.38% of the JV’s total issued share capital upon listing. The listing underscores the commercial potential of LanzaTech’s carbon recycling platform, which converts industrial emissions into fuels and materials. The JV operates four facilities with LanzaTech technology and per the IPO prospectus, revenue has ranged between approximately US$87-$77 million annually from 2023-2025, entering the public market with proven deployment and exposure to growing demand for fuels produced through more secure and diversified supply chains. One of the strongest opportunities for the JV is the conversion of this waste-derived ethanol-to- SAF, where commercially proven pathways can unlock access to high-value regulated fuel markets. Jennifer Holmgren, CEO of LanzaTech, said: "This IPO highlights the growing commercial potential of carbon recycling. Our technology is already operating at scale, turning emissions into valuable products and creating a platform for growth in fuels, including SAF, as global markets seek lower-carbon, more resilient supply options with less exposure to geopolitical disruption." The IPO also supports LanzaTech’s strategy to capture value through both technology licensing and equity participation in commercial projects. As these projects scale, they are expected to support the production of internationally certified fuels and help build more resilient, lower-risk fuel supply in markets seeking alternatives to conventional routes.
About LanzaTech LanzaTech (NASDAQ: LNZA) is a leader in carbon management, using its proprietary gas- fermentation platform to transform waste carbon into valuable products. Through global partnerships, LanzaTech enables the production of feedstocks for high-value markets including SAF and chemicals. Headquartered in the U.S., the company provides technology and commercial pathways that strengthen industrial resilience and unlock new economic value from carbon. Cautionary Note Regarding Forward Looking Statements This press release contains forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements reflecting management’s current beliefs and expectations. In some cases, you can identify forward-looking statements by terminology such as “will,” “anticipate,” “expect,” “believe,” “intend” and “should” or the negative of these terms or other comparable terminology. Forward-looking statements include, but are not limited to, statements about estimates and forecasts of other financial and performance metrics and projections of market opportunity, expectations and timing related to the rollout of our business and timing of deployments, customer growth and other business milestones. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of our management and are not predictions of actual performance. These statements relate to future events or to our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, broader economic conditions, including inflation and interest rates; supply chain disruptions; unforeseen technical regulatory or commercial challenges; and those risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K filed with the Securities and Exchange Commission and subsequent annual reports, quarterly reports and other filings made with the Securities and Exchange Commission from time to time. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Public Relations/Media Contact: freya@lanzatech.com
FAQ
What did LanzaTech (LNZA) announce about its joint venture IPO?
LanzaTech reported that its joint venture, Beijing Shougang LanzaTech, completed an IPO of 40 million H Shares on the Hong Kong Stock Exchange, raising about US$75 million in gross proceeds at roughly US$1.86 per share.
How much of the Beijing Shougang LanzaTech JV does LanzaTech (LNZA) own after the IPO?
After the IPO, LanzaTech holds 33,520,231 H Shares of the joint venture, representing about 8.38% of the JV’s total issued share capital upon listing, down from an approximate 9.31% equity interest before the offering.
Did LanzaTech (LNZA) receive any proceeds from the joint venture’s IPO?
LanzaTech did not sell any shares in the joint venture’s IPO and received no proceeds from the offering. All gross proceeds of about US$75 million went to Beijing Shougang LanzaTech, before deducting offering expenses, underwriting discounts, and commissions.
What valuation did the IPO imply for LanzaTech’s Beijing joint venture?
Based on the final IPO offer price, Beijing Shougang LanzaTech had an implied market capitalization of approximately US$750 million upon listing on the Hong Kong Stock Exchange, establishing a public market benchmark for LanzaTech’s minority equity stake.
What are the recent revenue levels of LanzaTech’s Beijing joint venture?
According to the joint venture’s IPO prospectus, revenue ranged between about US$87 million and US$77 million annually during the 2023–2025 period, reflecting commercial operations at four facilities using LanzaTech’s carbon recycling technology platform.
How might the JV IPO affect LanzaTech’s future financial reporting?
LanzaTech is evaluating whether the joint venture’s IPO has accounting or financial reporting implications under U.S. GAAP, including potential impacts on the carrying value of its investment, with any changes to be reflected in future periodic reports.