The Art of Standing Out: The Merger Agreement Between Rice Acquisition Corp. (RICE), Aria Energy, and Archaea Energy Shows That the SPAC Boom Is Far From Over Apr 9, 2021 07:36 EDT
Rice Acquisition Corp. (NYSE:RICE) shocked analysts yesterday when its shares surged over 50 percent in a move that is reminiscent of the SPAC heydays. Yesterday’s price action in Rice Acquisition shares, coupled with that in Mudrick Capital Acquisition Corp. (NASDAQ:MUDS) earlier in the week, shows that the SPAC boom remains very much alive.
Of course, the fact that this merger agreement is a trilateral one has served to boost interest in Rice Acquisition shares. To wit, the SPAC is now slated to merge with Aria Energy and Archaea Energy to create a leading platform for the production of Renewable Natural Gas (RNG) in the US. In order to produce RNG in a sustainable manner, the post-merger company plans to capture biogas from landfills and then use on-site processing to remove impurities and inc
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