Market cap data unavailable. We couldn't positively verify this ticker's market cap is under $500M. Verify independently before trading.
Rice Acquisition Corporation 3
- Market Cap
- Unavailable
- Volume
- 7.8K
About
This is a special purpose acquisition company (SPAC) that was established with the objective of completing a merger or acquisition with an enterprise operating within the energy industry. It has not yet identified a specific target company for this transaction.
Quick stats
Shares outstanding46.0M
Computed float34.5M
Float / shares75.0%
Cash runway (months)45.9
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002074872
Websitehttps://www.ricespac.com
AI Summary
AI-generated1/2
minorneutralperiodic report
KRSP: 10-Q — periodic report
Rice Acquisition Corporation 3, a pre-deal blank check company, filed its 10-Q for the quarter ended June 30, 2026, reporting net income of $2,833,068, consisting of $3,136,181 of interest earned on the $354,649,195 in its trust account, offset by $303,113 of general and administrative costs.
The SPAC completed a $345,000,000 IPO on October 2, 2025 at $10.00 per unit, but has not selected a business combination target and states that no one on its behalf has engaged in any substantive discussions with any candidate. It must complete a deal within 24 months of the IPO closing (extendable to 27 months at the sponsor's option) or liquidate, in which case the warrants would expire worthless.
Outside the trust, the company held $2,224,033 in cash with a working capital surplus of $2,250,987, and management believes it has sufficient funds to operate for the next year. A forward purchase agreement with Shalennial Acquisition Sponsor 3 LLC and Mercuria Energy Group Holding SA commits up to $100,000,000 of additional equity at deal close, though Mercuria may terminate its $70,000,000 portion at any time in its sole discretion.
Red flags
- Pre-deal SPAC with no target identified and no substantive target discussions roughly 10 months after inception; must complete a business combination within 24 months of the October 2025 IPO closing or liquidate
- Mercuria Energy Group Holding SA may terminate its $70,000,000 forward purchase commitment at any time in its sole discretion, creating funding uncertainty for a future deal
- Shareholders' deficit of $13,862,626 driven by accretion of Class A shares to redemption value
- All 16,400,000 warrants (5,750,000 public, 10,650,000 private placement) expire worthless if no business combination is completed within the combination period