Research analysts covering Rice Acquisition Corp 3.
Recent press releases and 8-K filings for KRSP.
Rice Acquisition Corp 3 Completes IPO and Private Placement
KRSP
M&A
New Projects/Investments
- Rice Acquisition Corporation 3 (KRSP) completed its Initial Public Offering (IPO) on October 2, 2025, issuing 34,500,000 units at $10.00 per unit, and concurrently sold 10,650,000 private placement warrants for $1.00 each.
- As of October 2, 2025, $345,000,000 from the net proceeds of these offerings was deposited into a segregated trust account.
- The consolidated balance sheet as of October 2, 2025, reported total assets of $348,707,922, with $345,000,000 held in the Trust Account, and a total shareholders’ deficit of $(12,761,508).
- Rice Acquisition Corporation 3 is a blank check company formed for a business combination and had not commenced any operations as of October 2, 2025.
Oct 8, 2025, 8:53 PM
Rice Acquisition Corporation 3 Completes Initial Public Offering and Establishes Trust Account
KRSP
New Projects/Investments
M&A
- On October 2, 2025, Rice Acquisition Corporation 3 completed its initial public offering (IPO), selling 34,500,000 Units, which included the full exercise of the over-allotment option, and received total gross proceeds of $345,000,000.
- Concurrently, $345,000,000 of the net proceeds, including $13,368,750 in maximum deferred underwriting discounts and commissions, was deposited into a Trust Account.
- The company's sponsor, Rice Acquisition Sponsor 3 LLC, purchased 9,750,000 Private Placement Warrants at $1.00 per warrant, for an aggregate of $9,750,000. Both these Private Placement Warrants and the Public Warrants issued in the IPO have an exercise price of $11.50 per share.
- Funds in the Trust Account will remain segregated and will not be released until the earliest of the completion of the Company's initial business combination, certain redemption events, or the redemption of outstanding Public Shares if a business combination is not consummated within 24 months (or 27 months with an extension option) from the IPO closing.
Oct 6, 2025, 9:08 PM
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