KRSP-UN holders allowed to split units into Class A shares and warrants
Rhea-AI Filing Summary
Rice Acquisition Corporation 3 announced that holders of its units can choose to trade the underlying Class A ordinary shares and warrants separately starting on November 21, 2025. Each unit currently consists of one Class A ordinary share and one-sixth of a redeemable warrant. After separation, the Class A ordinary shares will trade on the NYSE under the symbol “KRSP” and the warrants under “KRSP WS”, while units that are not separated will continue to trade under “KRSP U”. No fractional warrants will be issued in the separation process, and only whole warrants will trade. Unit holders must have their brokers contact Odyssey Transfer and Trust Company, the transfer agent, to complete the separation.
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8-K Event Classification
FAQ
What did Rice Acquisition Corporation 3 (KRSP-UN) announce in this 8-K?
Rice Acquisition Corporation 3 announced that holders of its units may elect to separately trade the underlying Class A ordinary shares and warrants beginning on November 21, 2025.
How are KRSP-UN units of Rice Acquisition Corporation 3 structured?
Each unit consists of one Class A ordinary share, with a par value of $0.0001, and one-sixth of one redeemable warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share.
What are the NYSE trading symbols for Rice Acquisition Corporation 3’s securities after separation?
After separation, the Class A ordinary shares will trade under “KRSP”, the warrants under “KRSP WS”, and any units that remain combined will continue to trade under “KRSP U” on the NYSE.
Will fractional warrants be issued when KRSP-UN units are separated?
No. The company states that no fractional warrants will be issued upon separation of the units, and only whole warrants will trade.