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.
Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Hambro Perks eyes merger with Biotech Istesso, Rocket Lab launches first vehicle from U.S. soil, and Alliance Entertainment signs licensing agreement with The Walt Disney Company Hambro Perks SPAC Eyes Merger With Biotech...
Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...
European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis. The new PIPE cash comes at $10 per share and joins $63.3 million in existing PIPE financing for a total of...
DHC Acquisition Corp (NASDAQ:DHCA) announced that it is formally terminating its combination with conservative banking venture GloriFi. This was essentially a formality because the SPAC already announced in November that GloriFi had begun the process of winding down. The two sides announced their $1.7 billion combination in July. But, even at the time, public details...