Vinson & Elkins LLP advised Rice Acquisition Corp. on the deal.
Rice Acquisition Corp. announced its initial public offering (“IPO”) of 21,500,000 units at a price of $10.00 per unit. The units were listed on the New York Stock Exchange and began trading under the ticker symbol “RICE U” 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. The offering closed on October 26, 2020.
Rice Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.
The V&E corporate team was led by partners David Oelman (Picture),Ramey Layne and Sarah Morgan and senior associate Stancell Haigwood with assistance from associates Jonathan Villa and Carmen Guidry. Providing tax advise were partners David Peck and Jason McIntosh, senior associate Allyson Seger and associate Lauren Nieman.
Involved fees earner: Carmen Guidry – Vinson & Elkins LLP; Stancell Haigwood – Vinson & Elkins LLP; Ramey Layne – Vinson & Elkins LLP; Jason McIntosh – Vinson & Elkins LLP; Sarah Morgan – Vinson & Elkins LLP; Lauren Nieman – Vinson & Elkins LLP; David Palmer Oelman – Vinson & Elkins LLP; David Peck – Vinson & Elkins LLP; Allyson Seger – Vinson & Elkins LLP; Jonathan Villa – Vinson & Elkins LLP;
Law Firms: Vinson & Elkins LLP;
Clients: Rice Acquisition Corp.;