Quarterly ResultMay 12, 2026, 04:37 PM
Rice Acquisition 3 Q1 Net Income $2.75M; Trust Account $351.5M
AI Summary
Rice Acquisition Corp 3 reported a net income of $2,754,571 for the three months ended March 31, 2026, primarily driven by interest earned on its Trust Account. The company, a blank check entity, continues to seek a business combination, with its Trust Account balance growing to $351,513,014. Its accumulated deficit increased to $(13,777,366) as of the quarter end.
Key Highlights
- Net income for the three months ended March 31, 2026, was $2,754,571.
- Cash held in Trust Account increased to $351,513,014 as of March 31, 2026.
- Interest earned on cash held in Trust Account was $3,111,232 for the quarter.
- Total Assets were $354,173,090 as of March 31, 2026.
- Total Shareholders' Deficit was $(13,559,513) as of March 31, 2026.
- Basic and diluted net income per Class A ordinary share was $0.06.
- Net cash used in operating activities was $(185,068) for the quarter.