Rice Acquisition Corp. announced the pricing of its $215 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “RICE.U” tomorrow, Thursday, October 22.
The new company aims to combine with a renewable energy target that is actively working on sustainability and decarbonization efforts. Rice is led by CEO and Director Daniel Joseph Rice IV, CFO and Director J. Kyle Derham and Chief Accounting Officer James Wilmot Rogers.
Total SPAC deal count for 2020 year-to-date is now 153 with $57.78 billion in gross proceeds raised. This offering is expected to close on Monday, October 26.
Barclays is acting as book running manager for the proposed offering with Academy Securities, Inc. and AmeriVet Securities, Inc. serving as co-managers. Vinson & Elkins LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
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