Rice Acquisition set a Sept. 9 meeting for stockholders to vote on the proposed business combination with Aria Energy and Archaea Energy. The merged companies would create a leading renewable natural gas platform.
Announced in April, Aria is being acquired for $680 million. Archaea is being acquired for $347 million.
Funds for the deal include a $300 million PIPE. The SPAC has also secured $340 million of debt commitments from Comerica Bank’s Environmental Services Department. Rice Acquisition raised $215 million in an October IPO.
If approved, upon closing the combined company will be named Archaea Energy and will list stock and warrants on gthe NYSE under LFG and LFG WS. Read more.
