LanzaTech SPAC Presentation Deck

Fully Distributed Enterprise Value Sensitivities ($ in millions) $1,734 Implied Transaction Value LanzaTech 7.5x-11.5x Midpoint A 27% $2,664 $1,738 Sustainable Materials / Fuels Enterprise Value / 2025E EBITDA 14.3x-18.3x Midpoint A: 118% $4,240 $3,313 Synthetic Biology 25.0x-29.0x Midpoint A: 261 % $6,719 $5,792 Decarbonization Enablers Source: LanzaTech management, Bloomberg, Capital IQ, and company disclosures; market data as of 08-Sep-2022. Note: Midpoint based on LanzaTech peer median. Peer median excludes negatives. 47

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