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Rice Acquisition Corp 3 (NYSE:KRSP) announced the completion of its initial public offering and private placement on Thursday, according to a statement filed with the Securities and Exchange Commission.
The company completed its IPO of 34,500,000 units at $10.00 per unit, which included the exercise in full of the underwriters’ over-allotment option for 4,500,000 units. Each unit consists of one Class A ordinary share and one-sixth of one redeemable warrant. Each whole public warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.
Concurrently with the IPO closing, Rice Acquisition Corp 3 completed a private sale of 10,650,000 warrants to Rice Acquisition Sponsor 3 LLC at a price of $1.00 per warrant. Each private placement warrant is exercisable to purchase one Class A ordinary share at $11.50 per share.
A total of $345,000,000 in net proceeds from the IPO and the private placement has been deposited into a segregated trust account in the United States, with Odyssey Transfer and Trust Company serving as trustee.
The company also issued an audited balance sheet as of October 2, 2025, reflecting the receipt of the proceeds from the IPO and private placement. The balance sheet was included as an exhibit to the SEC filing.
Rice Acquisition Corp 3 is classified as an emerging growth company and is incorporated in the Cayman Islands. Its securities, including the units, Class A ordinary shares (NYSE:KRSP), and warrants (NYSE:KRSP WS), are listed on the New York Stock Exchange.
All information in this article is based on a statement filed with the Securities and Exchange Commission.
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