Rice Acquisition Corp. Announces Launch of Initial Public Offering
October 21 2020 - 7:01AM
Rice Acquisition Corp. (the “Company”) announced today that it has
commenced its initial public offering (“IPO”) of 20,000,000 units
at a price of $10.00 per unit. The Company intends to grant the
underwriters a 45-day option to purchase up to an additional
3,000,000 units. Each unit issued in the IPO will consist of one
share of the Company’s Class A common stock and one-half of one
redeemable warrant, with each whole warrant entitling the holder
thereof to purchase one share of the Company’s Class A common stock
at an exercise price of $11.50 per share. The units are expected to
be listed on the New York Stock Exchange (the “NYSE”) and trade
under the ticker symbol “RICE U.” Once the securities comprising
the units begin separate trading, the shares of Class A common
stock and warrants are expected to be listed on the NYSE under the
symbols “RICE” and “RICE WS,” respectively.
Barclays is acting as book running manager for the proposed
offering. Academy Securities, Inc. and AmeriVet Securities, Inc.
are acting as co-managers for the proposed offering.
The public offering will only be made by means of a prospectus.
Copies of the preliminary prospectus relating to the offering and
final prospectus, when available, may be obtained from Barclays,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717,
email: barclaysprospectus@broadridge.com, telephone:
1-888-603-5847.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission (the “SEC”),
but has not yet become effective. These securities may not be sold
nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Rice Acquisition Corp.
Rice Acquisition Corp. is a newly organized blank check company
incorporated as a Delaware corporation and formed for the purpose
of effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses or assets. The Company’s efforts to identify
a prospective target business will not be limited to a particular
industry, although it intends to focus its search for a target
business in the broadly defined energy transition or sustainability
arena.
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed IPO. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact:
J. Kyle DerhamEmail: kyle@riceinvestmentgroup.comPhone:
(713) 446-6259
Rice Acquisition (NYSE:RICE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rice Acquisition (NYSE:RICE)
Historical Stock Chart
From Jul 2023 to Jul 2024