News provided by Rice Investment Group
Aug 29, 2025, 16:21 ET
CARNEGIE, Pa. and GENEVA, Aug. 29, 2025 /PRNewswire/ — Rice Investment Group, a multi-strategy investment fund focused on a diverse array of energy-related investments, and Mercuria, one of the world’s leading independent energy, metals and commodity trading firms, announce that Rice Acquisition Corporation 3 (“RAC III”), a special purpose acquisition company (“SPAC”), has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for a proposed initial public offering of units. RAC III intends to apply to have its units listed on the New York Stock Exchange (the “NYSE”) under the symbol “KRSP.U.”
RAC III intends to focus its search for a target business in the areas of upstream oil and gas, power generation, energy infrastructure, and critical metals and minerals.
Barclays Capital Inc. and Jefferies LLC are acting as the joint bookrunning managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to the proposed offering, when available, may be obtained free of charge by visiting EDGAR on the SEC’s website at www.sec.gov or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone at (888) 603-5847, or by email at [email protected], or from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by phone at (877) 821-7388, or by email at [email protected].
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 proposed offering is subject to market conditions, and the completion of the SEC’s review process, and there can be no assurance as to whether or when the proposed offering may be completed.
About Rice Investment Group
Rice Investment Group is a multi-strategy investment fund that has deployed several hundred million dollars since its founding in 2018. The fund is focused on a diverse array of energy-related investments, including oil and gas exploration and production, oil and gas midstream, oilfield services and manufacturing, software and technology companies supporting the energy sector, renewable natural gas production, liquified natural gas (“LNG”), data centers, and lithium extraction. Rice Investment Group maintains a long-term investment horizon and has relied upon the experience, breadth of knowledge and vision of its management team to find, create and invest in compelling long-term energy opportunities.
About Mercuria
Mercuria is one of the world’s leading independent energy, metals and commodity trading firms, with annual gross revenues exceeding $100 billion over the last few years and a global investment platform. Mercuria is led by its co-founders, Marco Dunand and Daniel Jaeggi, and has a team of over 1,200 professionals. The Mercuria team specializes in commodity trading, structured products and investments, integrating a wide variety of physical and derivative trading businesses with a diversified global asset base. Mercuria’s commercial activities and investments span across many industries, including crude and refined products, natural gas and LNG, power, metals, shipping, biofuels, and carbon. The Mercuria team has executed on and realized successful investments across the energy value chain, leveraging their sector experience as well as their expertise in creating and capturing growth opportunities for their portfolio companies.
Cautionary Statement Concerning Forward-Looking Statements
This press release includes forward-looking statements, including statements relating to the proposed initial public offering of RAC III, including the terms thereof. There can be no assurance that the proposed offering will be completed as anticipated or at all, and there are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein, including risks relating to unanticipated developments that prevent, delay or negatively impact the proposed offering and other risks and uncertainties disclosed by RAC III from time to time in its filings with the SEC. The forward-looking statements contained in this press release reflect management’s expectations as of the date of this press release. RAC III, Rice Investment Group and Mercuria expressly disclaim any obligation to update these forward-looking statements except as may be required by law.
Contact:
Charles Burrus
[email protected]
SOURCE Rice Investment Group