Rice Acquisition Corp. Closes Upsized $215M Initial Public Offering
Vinson & Elkins advised Rice Acquisition Corp. in connection with its initial public offering (“IPO”) of 21,500,000 units at a price of $10.00 per unit. The units were listed on the New York Stock Exchange and began trading under the ticker symbol “RICE U” on October 22, 2020. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at an exercise price of $11.50 per share. The offering closed on October 26, 2020.
The V&E corporate team was led by partners David Oelman, Ramey Layne and Sarah Morgan and senior associate Stancell Haigwood with assistance from associates Jonathan Villa and Carmen Guidry. Providing tax advise were partners David Peck and Jason McIntosh, senior associate Allyson Seger and associate Lauren Nieman.
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