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Rice Acquisition Corp. (NYSE: RICE) announced that stockholders approved all proposals regarding its business combination with Aria Energy LLC and Archaea Energy LLC. This merger aims to establish a leading renewable natural gas platform. Stockholders showed strong support, with less than 0.2% electing to redeem shares. The transaction is expected to close by
Rice Acquisition Corp. (NYSE: RICE) announced a special stockholder meeting set for September 9, 2021, to approve its business combination with Aria Energy LLC and Archaea Energy LLC. This merger aims to create a leading renewable natural gas platform. The merged entity will operate as Archaea Energy Inc. and list under the ticker symbols 'LFG' for Class A common stock and 'LFG WS' for warrants. Stockholders eligible to vote must have common stock holdings as of July 29, 2021.
Rice Acquisition Corp. (NYSE: RICE) announced a business combination with Aria Energy LLC and Archaea Energy LLC to form a leading renewable natural gas (RNG) platform. The transaction, valued at $680 million for Aria and $347 million for Archaea, aims to create a new paradigm in RNG development, leveraging landfill gas to meet growing RNG demand. The combined entity will have over $350 million in cash and is expected to close in Q3 2021, listing on the NYSE under the ticker 'LFG'. Leadership will include executives from both firms, focusing on sustainability and carbon neutrality.
Rice Acquisition Corp. (NYSE: RICE U) announced that, starting December 14, 2020, holders of units from its initial public offering can separately trade shares of Class A common stock and warrants. The shares and warrants will trade under the symbols 'RICE' and 'RICE WS,' respectively, while unseparated units will continue to trade under 'RICE U.' This initiative enables greater flexibility for investors. The Company aims for a merger or acquisition focused on the energy transition or sustainability sector.
Rice Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, totaling 20,000,000 units. The IPO is set to trade under the symbol 'RICE U' on the NYSE starting October 22, 2020. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with full warrants exercisable at $11.50 per share. Barclays leads the offering, with a 45-day option for underwriters to purchase an additional 3,000,000 units. The IPO closing is anticipated on October 26, 2020, pending customary conditions.
Rice Acquisition Corp. has launched its initial public offering (IPO) of 20 million units priced at $10.00 each. The offering includes a possible 45-day over-allotment option for an additional 3 million units. Each unit consists of one Class A common stock share and one-half of a redeemable warrant, which allows the purchase of an additional share at $11.50. The units will be listed on the New York Stock Exchange under the symbol 'RICEU' and will later trade separately as 'RICE' and 'RICEWS.' Barclays is the lead manager for the offering.
