Rice Acquisition in an 8-K filing said shareholders vote in favor of the dual mergers with Aria Energy and Archaea Energy.
Announced in April, Aria is being acquired for $680 million. Archaea is being acquired for $347 million.
The SPAC said 46,972 shares were redeemed ahead of the vote, siphoning off barely 0.2% from the Rice trust account.
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 2020 IPO.
Once the deal closes, the new company Archaea Energy will list stock and warrants on the NYSE under LFG and LFG WS. Read more.
