CARNEGIE, Pa. – Rice Acquisition Corp. II (the “Company”) today announced its initial public offering (“IPO”) price of 30,000,000 units at a price of $ 10.00 per unit. The offer was expanded from a base offer of 25,000,000 units. The units will be listed on the New York Stock Exchange (the “NYSE”) and will trade under the ticker symbol “RONI U” effective June 16, 2021. Each unit consists of one Class A common share and one-quarter a redeemable action. warrant, and each full warrant entitles its holder to purchase one Class A common share at an exercise price of $ 11.50 per share. Once the securities that make up the units begin trading separately, the Class A common shares and warrants are expected to trade on the New York Stock Exchange under the symbols “RONI” and “RONI WS”, respectively.
Citigroup and Barclays are acting as joint book managers for the offering. AmeriVet Securities and Academy Securities are serving as co-administrators of the proposed offering. The company gave underwriters a 45-day option to buy up to an additional 4,500,000 units at the IPO price.
The public offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering and the final prospectus, when available, may be obtained from Citigroup, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone: 1-800-831-9146; and Barclays, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: email@example.com, phone: 1-888-603-5847
The US Securities and Exchange Commission (the “SEC”) declared a registration statement relating to these securities effective on June 15, 2021. This press release shall not constitute an offer to sell or a solicitation of a offer to purchase, nor Will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale is illegal prior to registration or qualification under the securities laws of that state or jurisdiction?
The initial public offering is expected to close on June 18, 2021, subject to customary closing conditions.
About Rice Acquisition Corp. II
Rice Acquisition Corp. II is a newly organized blank checking company incorporated as a Cayman Islands exempt company and formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or combination. similar business with one or more companies or entities. The company’s efforts to identify a potential target business will not be limited to a particular industry, although it intends to focus its search for a target business in the broadly defined sustainability or energy transition arena.
This press release contains statements that constitute “forward-looking statements”, including with respect to early closing of the offering. There can be no guarantee that the offer discussed above will be completed on the terms outlined, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the “Risk Factors” of the company’s registration statement and the preliminary prospectus of the submitted company offering. with the SEC. Copies are available on the SEC website, www.sec.gov. The company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
J. Kyle Derham