LanzaTech Added to Russell 3000® and Russell 2000® Indexes
June 26 2023 - 8:00AM
LanzaTech Global, Inc. (Nasdaq: LNZA)—an innovative carbon capture
and utilization company that transforms waste carbon into building
blocks for materials that people use in their daily lives—has
joined the broad-market Russell 3000® Index at the conclusion of
the 2023 Russell indexes annual reconstitution, effective upon the
US market open on June 26, 2023.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of April 28, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
“We believe inclusion in the Russell family of indexes reflects
not only the progress on our long-term strategic pipeline but also
our ability to deliver a key disruptive technology by thinking big
and collaborating with diverse and strong partners,” said Jennifer
Holmgren, CEO of LanzaTech. “This achievement marks a significant
milestone in our growth journey as a newly public company. We
remain focused on creating value for our shareholders and the
planet and thank all our supporters who have remained steadfast in
their belief in our technology and our team.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell’s US indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About LanzaTechHeadquartered in Skokie, IL,
LanzaTech Global, Inc. (Nasdaq: LNZA) captures waste carbon and
transforms it into materials such as sustainable fuels, fabrics,
packaging, and other products. Using a variety of waste feedstocks,
LanzaTech’s technology platform is contributing to a future where
consumers are not dependent on virgin fossil feedstocks for
everything in their daily lives. LanzaTech’s goal is to challenge
and change the way the world uses carbon, enabling a new circular
carbon economy where carbon is reused rather than wasted, skies and
oceans are kept clean, and pollution becomes a thing of the past.
For more information about LanzaTech
visit https://lanzatech.com.
About FTSE RussellFTSE Russell is a global
index leader that provides innovative benchmarking, analytics and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20.1
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Contacts:
Media Contact - LanzaTechKit McDonnell,
Director of Communications press@lanzatech.com
Investor Relations Contact - LanzaTechOmar
El-Sharkawy VP, Corporate Development LanzatechIR@icrinc.com
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