Rice Acquisition Corporation 3 is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with an operating company. As a blank check company, it does not have ongoing commercial operations and generates no operating revenue. Its financial resources are primarily derived from the proceeds of its initial public offering in September 2025, which are held in a trust account. The company is co-sponsored by Rice Investment Group and the global energy and commodities trading firm Mercuria Energy Group. While it is not strictly limited to a specific industry, Rice Acquisition Corporation 3 intends to focus its search on the broadly defined energy value chain. Its targeted subsectors include upstream oil and gas, power generation, energy infrastructure, and critical metals and minerals. The company aims to leverage the expertise of its management team and sponsors, who have a track record of executing successful business combinations in the energy transition and decarbonization sectors through predecessor entities Rice Acquisition Corp I and II. Until a definitive merger agreement is reached and the de-SPAC transaction is completed, the company remains a pre-deal shell company seeking a suitable acquisition target.
