LanzaTech Global, Inc. (NASDAQ: LNZA) completed a registered direct offering of 2 million shares of common stock to institutional investors, generating gross proceeds of approximately $20 million before fees and expenses.

The carbon management company sold the shares through a securities purchase agreement with institutional investors. D. Boral Capital LLC served as the exclusive placement agent for the transaction.

LanzaTech uses gas-fermentation technology to convert waste carbon into products for markets including sustainable aviation fuel and chemicals. The company is headquartered in the United States and operates through global partnerships.

D. Boral Capital, based in New York, reports it has facilitated approximately $35 billion in capital transactions since its founding in 2020, executing around 400 deals across various investment banking services. The firm is a member of FINRA and SIPC.

The information is based on a press release statement from the companies involved in the transaction.