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Rice Acquisition Corporation 3 Announces Pricing of $300 Million Initial Public Offering
Rice Investment Group, a multi-strategy investment fund focused on a diverse array of energy-related investments, and Mercuria, one of the world's leading independent energy, metals and commodity trading firms, announce that Rice Acquisition Corporation 3 ("RAC III"), a special purpose acquisition company ("SPAC"), priced its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the "NYSE") under the symbol "KRSP.U" be
About this update from Rice Acquisition Corporation 3
[{"type":"text","content":"CARNEGIE, Pa. and GENEVA, Sept. 30, 2025 /PRNewswire/ -- Rice Investment Group, a multi-strategy investment fund focused on a diverse array of energy-related investments, and Mercuria, one of the world's leading independent energy, metals and commodity trading firms, announce that Rice Acquisition Corporation 3 ("RAC III"), a special purpose acquisition company ("SPAC"), priced its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the "NYSE") under the symbol "KRSP.U" beginning October 1, 2025. Each unit consists of one Class A ordinary share and one-sixth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols "KRSP" and "KRSP.W," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.","length":1186,"tagName":"p"},{"type":"image","alt":"Rice Investment Group Logo (PRNewsfoto/Rice Investment Group)","displaySize":"","headline":null,"caption":"Rice Investment Group Logo (PRNewsfoto/Rice Investment Group)","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":200,"url":"https://media.zenfs.com/en/prnewswire.com/15c9e213f4b69f38d58402f6a94d4f28"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/YPn89dDksq3WiRyQAbZx7g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTM2MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/15c9e213f4b69f38d58402f6a94d4f28","width":200,"height":200}},"href":"https://mma.prnewswire.com/media/2761275/Rice_Investment_Group_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The offering is expected to close on October 2, 2025, subject to customary closing conditions.","length":94,"tagName":"p"},{"type":"text","content":"RAC III intends to focus its search for a target business in the areas of upstream oil and gas, power generation, energy infrastructure, and critical metals and minerals.","length":170,"tagName":"p"},{"type":"text","content":"Barclays and Jefferies are acting as t...