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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.
