LanzaTech SPAC Presentation Deck

Fully Distributed Enterprise Value Sensitivities ($ in millions) $ 1,815 Implied Transaction Value LanzaTech 8.0x-12.0x Midpoint A 38 % $ 3,007 $ 2,005 Sustainable Materials/Fuels Enterprise Value / 2025E EBITDA 15.4x-19.4x Midpoint A: 140% $4,853 $ 3,851 29.2x-33.2x Midpoint A: 330 % $ 8,309 $ 7,307 Decarbonization Enablers Synthetic Biology Source: LanzaTech management, Bloomberg, Capital IQ, and company disclosures; market data as of 02-Mar-2022 Note: Midpoint based on LanzaTech peer median. Peer median excludes negatives. 47

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