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MT Arcelor Mittal New

26.55
0.33 (1.26%)
Pre Market
Last Updated: 11:42:28
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arcelor Mittal New NYSE:MT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.33 1.26% 26.55 1,911 11:42:28

LanzaTech Global Down 21% in Debut

10/02/2023 6:35pm

Dow Jones News


Arcelor Mittal (NYSE:MT)
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From May 2022 to May 2024

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By Josh Beckerman

 

Shares of LanzaTech Global Inc. fell 21% to $7.81 on their first trading day after a blank-check company merger.

AMCI Acquisition Corp. II combined with carbon capture business LanzaTech NZ Inc.

LanzaTech's investors include ArcelorMittal. ArcelorMittal and LanzaTech will jointly market ethanol under the Carbalyst brand name from ArcelorMittal's "Steelanol" project in Ghent, Belgium.

LanzaTech said Thursday that transaction proceeds of about $240 million are expected to fund its business plan through estimated cash flow break-even in 2024.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

February 10, 2023 13:20 ET (18:20 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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