Kirkland & Ellis counseled Rice Acquisition Corp. II on the pricing of its initial public offering of 30,000,000 units at a price of $10 per unit. The offering was upsized from a base offering of 25,000,000 units. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “RONI U” beginning on June 16, 2021. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “RONI” and “RONI WS,” respectively.
The Kirkland team was led by capital markets partners Matt Pacey and Lanchi Huynh and associates Mitch Athey, Erin Eberle and Mikhaila Martin; tax partners Mike Beinus and Vivek Ratnam; corporate partner Cy Jones; investment funds partner Matt Nadworny and associates David Moore and Colin Edwards.