Rice Acquisition Corporation 3 (KRSP.W) Warrant
Each KRSP.W warrant gives the holder the right to buy 1 share of Rice Acquisition Corporation 3 at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.60, below the strike, so the warrant is out of the money. Rice Acquisition Corporation 3 has a market value of about $487.77M. Rice Acquisition Corporation 3 is a SPAC (no deal announced yet). It must complete a deal by October 2, 2027 or the warrants expire worthless. There are 5.75M listed warrants; exercising all of them would add 12.5% to the 46.00M shares outstanding.
KRSP vs strike, last 12 months
No share-price history for KRSP yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $12.55
From the issuer's S-1/A (2025-09-18).
Company and stock
- Company
- Rice Acquisition Corporation 3
- Underlying stock
- KRSP
- Share price
- $10.60
- Market cap
- $487.77M
- Shares outstanding
- 46.00M
- Value of all listed warrants
- $6.04M (1.2% of market cap)
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $1.05
- Price / model
Get Pro to see whether KRSP.W is cheap or rich against our model.
Dilution
- Shares outstanding
- 46.00M
- Listed warrants
- 5.75M
- Dilution if all exercised
- 12.5%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-10-02
- Latest possible deadline
- 2028-01-02
- Trust per share
- $10.28
- Sponsor
- Rice Acquisition Sponsor 3 LLC
- Sponsor's earlier SPACs
- 2 (2 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about KRSP.W
When does the KRSP.W warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of KRSP.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many KRSP.W warrants are outstanding?
5.75M listed warrants, equal to 12.5% dilution if all are exercised.