Rice Boys Form Third Blank Check Company to Invest in Energy

In December 2020, Dan Rice IV, former CEO of Rice Energy and member of the EQT board of directors, launched a “blank check” acquisition firm, called Rice Acquisition Corp. I (RAC I), to invest in various energy ventures. Dan found something to invest in just a few months later, in the form of acquiring and merging Archaea Energy and Aria Energy into a single company focused on providing renewable natural gas (RNG) and “green” hydrogen (see Dan Rice Bets $1 Billion that Landfill Gas is the Next Big Thing). The deal was consummated in 3Q21. Dan promptly formed and launched a second “blank check” company, called Rice Acquisition Corp. 2 (RAC II), along with a cool stock ticker symbol: RONI, as in Rice (a) RONI.

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