Rice Acquisition Corp. 3 (NYSE:KRSP.U) announced the pricing of its $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “KRSP.U”, Wednesday, October 1, 2025.

The new SPAC plans to mount a broad target search throughout the energy value chain with particular interest in the areas of upstream oil and gas, power generation, energy infrastructure, and critical metals and minerals.

Rice 3’s sponsor team is led by Chief Executive Officer J. Kyle Derham, Chief Financial Officer and Chief Accounting Officer James Wilmot Rogers and Chief Strategy Officer Anne Cameron. Brian Falik, Kathryn Jackson, D. Mark Leland, and David Savett will serve on its Board of Directors.

Total SPAC deal count for 2025 year-to-date is now 100. This offering is expected to close on Thursday, October 2, 2025.

Barclays and Jefferies are acting as the joint bookrunning managers for the offering.  Kirkland & Ellis LLP is serving as Issuer’s Counsel with Vinson & Elkins LLP serving as Underwriter’s Counsel. WithumSmith+Brown serves as auditor. Odyssey Transfer and Trust Company is acting as trustee.