Rice Acquisition Corporation 3
KRSP
New York Stock Exchange10.51
USD
+0.01
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Rice Acquisition Corporation 3
KRSP
(New York Stock Exchange)
Recent
price
10.51
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Rice Acquisition Corporation 3 (NYSE: KRSP), a blank check company sponsored by affiliates of Rice Investment Group and Mercuria Energy Group, focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses, primarily targeting the energy value chain including upstream oil and gas, power generation, energy infrastructure, and critical metals and minerals subsectors; it offers no current products or services beyond its standard SPAC structure of Class A ordinary shares, redeemable warrants exercisable at $11.50 per share, and units comprising one share and one-sixth of a warrant. Founded on June 6, 2025, and headquartered at 102 East Main Street, Second Story, Carnegie, Pennsylvania 15106, United States, the Cayman Islands-incorporated entity completed a $345 million initial public offering on October 2, 2025, upsized from $300 million with the full exercise of underwriters' over-allotment option for 34.5 million units at $10.00 each, alongside a concurrent private placement of 10.65 million sponsor warrants; units began trading separately into Class A ordinary shares and warrants on November 21, 2025. The sponsors provide a unique $100 million forward purchase agreement and cover operational expenses until a target acquisition, leveraging the Rice team's prior SPAC successes including Rice Acquisition Corp I and II combinations with Archaea Energy/Aria Energy and Net Power, respectively.
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