Adriano Marchese
Shares of LanzaTech Global's were sharply lower in premarket trading Friday after the company said it intends to raise $20 million by way of a direct offering.
Shares fell 25% ahead of the morning bell to $12.92.
The carbon management company said that it has entered into a securities purchase agreement to sell 2 million of its common shares to certain institutional investors.
The stock has been performing well in 2026, up about 25% since the year began, but it is still down 34% over the last 52 weeks.
LanzaTech said it plans to use the new funds for general corporate purposes.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 15, 2026 08:23 ET (12:23 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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