CORRECTION...by Rice Acquisition Corp.
CARNEGIE, Pennsylvania, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Headline of release should read: “Rice Acquisition Corp. Announces Pricing of Upsized $215,000,000 Initial Public Offering” (instead of “Rice Acquisition Corp. Announces Pricing of Initial Public Offering”); First Paragraph, first sentence number should read “21,500,000” (instead of “20,000,000”); Second paragraph, second sentence number should read “3,225,000” (instead of “3,000,000”).
The corrected release reads:
Rice Acquisition Corp. Announces Pricing of Upsized $215,000,000 Initial Public Offering
Rice Acquisition Corp. (the “Company”) announced today the pricing of its initial public offering (“IPO”) of 21,500,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “RICE U” beginning on October 22, 2020. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “RICE” and “RICE WS,” respectively.
Barclays is acting as book running manager for the proposed offering. Academy Securities, Inc. and AmeriVet Securities, Inc. are acting as co-managers for the proposed offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,225,000 units at the IPO price.
The public offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: barclaysprospectus@broadridge.com, telephone: 1-888-603-5847.
A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 21, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The initial public offering is expected to close on October 26, 2020, subject to customary closing conditions.