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Rice Acquisition Corporation 3 (NYSE: U) announced that holders of units may elect to separate the Class A ordinary shares and warrants comprising each unit, with separate trading commencing November 21, 2025. After separation, Class A shares will trade on the NYSE under KRSP and warrants under KRSP WS; unsplit units will continue trading as KRSP U. No fractional warrants will be issued—only whole warrants will trade. Holders must have their brokers contact Odyssey Transfer and Trust Company, the company’s transfer agent, to effect the split. The announcement is not an offer to sell or solicit an offer to buy the company’s securities.
Rice Acquisition Corporation 3 (NYSE:KRSP) has announced the pricing of its $300 million initial public offering, consisting of 30 million units at $10.00 per unit. Each unit includes one Class A ordinary share and one-sixth of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
The SPAC, backed by Rice Investment Group and Mercuria, will trade on NYSE under KRSP.U starting October 1, 2025, with Class A shares and warrants later trading separately as KRSP and KRSP.W. The company aims to target businesses in upstream oil and gas, power generation, energy infrastructure, and critical metals and minerals. Barclays and Jefferies are serving as joint bookrunners, with an option to purchase up to 4.5 million additional units.
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