Rice Acquisition Corp 3 closes $345 million IPO and places proceeds in trust account
Rice Acquisition Corp 3, a blank check company, completed its initial public offering on October 2, 2025, selling 34,500,000 units at $10.00 each for $345 million in gross proceeds. The company filed an audited balance sheet as of that date showing $345,000,000 held in a trust account, which shareholders would receive on redemption if no business combination is completed within the stated period.
Key points
- IPO of 34,500,000 units at $10.00 per unit, including 4,500,000 units from full exercise of the underwriters' over-allotment option, closed October 2, 2025
- Private sale of 10,650,000 private placement warrants to Rice Acquisition Sponsor 3 LLC at $1.00 each, raising $10,650,000
- $345,000,000 deposited in a trust account with Odyssey Transfer and Trust Company; the company had $3,700,422 in cash and had not selected a business combination target
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.