Rice Acquisition Corporation 3 Successfully Prices $300 Million IPO to Expand Energy Investments

Rice Acquisition Corporation 3 Launches $300 Million IPO

On September 30, 2025, Rice Investment Group, an investment firm renowned for its strategic focus on energy-related initiatives, and Mercuria, a leading independent energy and commodity trading company, announced the pricing of its initial public offering (IPO). Rice Acquisition Corporation 3, commonly referred to as RAC III, has set the price for 30 million units at $10.00 each, aiming to raise a total of $300 million. This significant move will bolster RAC III's capabilities in the energy sector.

The units offered will be available for trading on the New York Stock Exchange under the ticker symbol "KRSP.U," starting October 1, 2025. Each unit comprises one Class A ordinary share in addition to one-sixth of a redeemable warrant. Holders of whole warrants will have the ability to purchase an additional share at an exercise price of $11.50, though individual warrants will not be issued in fractional amounts. The formal close of the offering is anticipated to be on October 2, 2025, contingent upon standard closing conditions being met.

RAC III's intended target industries include upstream oil and gas, power generation, energy infrastructure, and essential metals and minerals. This strategic focus reflects a broad ambition to capitalize on opportunities in the evolving energy landscape, catering to emerging needs and market dynamics.

Notably, Barclays and Jefferies are acting as the joint bookrunning managers for this IPO, facilitating the underwriting process to ensure a successful public entry for RAC III. They have also been granted a 45-day option to purchase up to an additional 4.5 million units at the IPO price, minus underwriting fees, should demand warrant it.

Those interested in investing can access the offering materials on the U.S. Securities and Exchange Commission (SEC) website or reach out directly to Barclays Capital or Jefferies for copies of the prospectus associated with the offering.

About Rice Investment Group

Founded in 2018, Rice Investment Group has significantly invested hundreds of millions into a diverse portfolio of energy-centric projects ranging from oil and gas exploration to renewable natural gas production and lithium extraction. With a commitment towards long-term investments, the Group relies on its management team’s extensive industry experience and insight to identify promising opportunities.

About Mercuria

Mercuria stands as one of the prominent players in energy and commodity trading worldwide, boasting gross annual revenues exceeding $100 billion. The firm, co-founded by Marco Dunand and Daniel Jaeggi, integrates commodity trading with a significant array of financial products and investments. With a workforce of over 1,200 professionals, Mercuria’s prowess extends throughout various industries, including crude oil, natural gas, and renewable energy products.

Forward-Looking Statements

This announcement contains forward-looking statements, particularly concerning the offering's expected closing and the associated risks. It is essential to note that such statements involve numerous uncertainties that could lead actual outcomes to diverge significantly from projections. These risks arise from potential unanticipated developments that may affect the projected timeline or nature of the offering.

In conclusion, the IPO of Rice Acquisition Corporation 3 marks a pivotal moment in its journey, setting the stage for future growth and investment in the critical energy sector. By harnessing the expertise of its partners and navigating the complexities of the market, RAC III aims to establish a strong foothold in a rapidly changing landscape.