Rice Acquisition Corp. II (RONI.U) Prices Upsized $300M IPO


Rice Acquisition Corp. II (RONI.U) Prices Upsized $300M IPO

Jun 15, 2021 IPOs by Marlena Haddad

Rice Acquisition Corp. II announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “RONI.U” Wednesday, June 16.

The new SPAC aims to have a combine with a target in the broadly defined energy transition or sustainability arena. Rice is led by CEO Daniel Joseph Rice, IV, CFO J. Kyle Derham, and CAO James Wilmot Rogers.

Total SPAC deal count for 2021 year-to-date is now 342. This offering is expected to close on Friday, June 18.

Citigroup and Barclays are acting as joint book-running managers for the offering. AmeriVet Securities and Academy Securities are acting as co-managers for the proposed offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Vinson & Elkins LLP serving as Underwriter’s Counsel. WithumSmith+Brown PC serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.