What's at stake: Kiwi-founded and US-based carbon recycling company LanzaTech needs shareholder approval for a rescue deal from US billionaire Vinod Khosla and his associated funds to get on a more even financial keel.
Background: LanzaTech's share price has dropped below the level where it can remain Nasdaq-listed unless it does a stock split following falling revenue, widening losses, and concerted shareholder pressure to become profitable. The deal will give Khosla control of the company again.
Main players: LanzaTech, Khosla Ventures, Guardians of NZ Superannuation, Carbon Direct Capital Management.
LanzaTech shareholders appear to have little choice other than to vote in favour at its upcoming annual general meeting of what amounts to a rescue deal from US venture capital firm Khosla Ventures.
US billionaire Vinod Khosla was one of the first investors in the company back in 2007 when it was
What's at stake: Kiwi-founded and US-based carbon recycling company LanzaTech needs shareholder approval for a rescue deal from US billionaire Vinod Khosla and his associated funds to get on a more even financial keel.
Background: LanzaTech's share price has dropped below the level where it can remain Nasdaq-listed unless it does a stock split following falling revenue, widening losses, and concerted shareholder pressure to become profitable. The deal will give Khosla control of the company again.
Main players: LanzaTech, Khosla Ventures, Guardians of NZ Superannuation, Carbon Direct Capital Management.
