Rice Acquisition Corporation 3 Announces Pricing of $300 Million Initial Public Offering
Vinson & Elkins advised the underwriters in an initial public offering by Rice Acquisition Corporation 3, a special purpose acquisition company sponsored by affiliates of Rice Investment Group and Mercuria, of 34,500,000 units for an aggregate offering price of $345,000,000.
The offering closed Thursday, October 2, 2025. The SPAC intends to search for a business combination target in the broadly defined energy value chain, particularly the upstream oil and gas, power generation, energy infrastructure, and critical metals and minerals subsectors.
The Vinson & Elkins team was led by partners Stancell Haigwood and Ramey Layne and senior associate Elisie Lee, with assistance from associates Lindsay Moore and Adrian Hernandez. Other team members include senior associate Maram Mahajna, and associates Jessica Rosenwasser and Matt DuBose; partner Jason McIntosh, counsel Allyson Seger, and senior associate Lauren Nieman; partner Robert Ritchie and associate Paul Hill; and partner Randall Johnston.
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