LanzaTech Global Inc. (NASDAQ: LNZA) announced it entered into a securities purchase agreement with institutional investors for a registered direct offering of 2 million shares of common stock, according to a company statement.

The offering is expected to generate gross proceeds of approximately $20 million before deducting placement agent fees and other expenses. The company plans to use net proceeds for general corporate purposes.

The transaction is expected to close on or about May 18, 2026, subject to customary closing conditions. D. Boral Capital LLC serves as the sole placement agent for the offering.

The offering is being conducted under an effective shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on November 1, 2024.

LanzaTech operates a gas-fermentation platform that transforms waste carbon into products for markets including sustainable aviation fuel and chemicals. The company is headquartered in the United States and provides technology and commercial pathways for carbon management.