Rice Acquisition Corp 3
KRSP·NYSE·Industrials·CIK 0002074872
The company is a blank check company incorporated on June 6, 2025, as a Cayman Islands exempted company. Its sole purpose is to complete an initial business combination, which could involve a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar transaction with one or more businesses or entities. As an early stage and emerging growth company, it faces risks associated with such entities. On June 20, 2025, its sponsor received 9,487,500 Class B units of Opco without consideration and purchased 9,487,500 Class B ordinary shares, par value $0.0001, 2,500 Class A ordinary shares, 100 Class A units of Opco, and 100 corresponding Class B ordinary shares for a total of $26,000. Of this, Opco received $1,000 for Class A units, and the company received $25,000 for Class A and Class B ordinary shares. The company then subscribed and paid $25,000 for 2,500 Class A units of Opco. In September 2025, the sponsor forfeited 90,000 Class B units of Opco, and 30,000 Class B units of Opco were issued to each independent director nominee for their services. The sponsor transferred a corresponding number of Class B ordinary shares to the independent directors for approximately $0.000105 per share. Following a share capitalization by the company and an additional issuance by Opco in September 2025, there were 11,500,100 Class B ordinary shares and 11,500,000 Class B units of Opco outstanding. Of these, the sponsor owned 11,410,100 Class B ordinary shares and 11,410,000 Class B units of Opco.