Rice Acquisition Corp. (RICE) $16.585
Transitioning to the energy of the future
On April 7th, Rice Acquisition Corp (NYSE: RICE), a special purpose acquisition company focused on the energy transition sector, announced an agreement to enter into a business combination with Aria Energy and Archaea Energy LLC, which will create the industry-leading renewable natural gas “RNG” platform. The combined company is a proven and profitable business today with estimated 2021 EBITDA of $65 million, which is expected to grow to $327 million in 2024. The transaction is expected to close in the third quarter of 2021 and the combined Company plans to be listed on the NYSE under the ticker symbol “LFG”.