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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.
