Rice Acquisition Corp II

Rice Acquisition Corp. II is a blank check company, which was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more entities. The company was founded on February 2, 2021 and is headquartered in Carnegie, PA.

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NET Power, Inc. is a clean energy technology company developing its proprietary NET Power Cycle, which transforms natural gas into low-cost, clean and reliable power. The company was founded on January 8, 2010 and is headquartered in Durham, NC.

DURHAM, N.C.--(BUSINESS WIRE)--NET Power, LLC, an energy company whose proprietary technology delivers clean, affordable, reliable energy, and Rice Acquisition Corp. II (NYSE: RONI) (“RONI”), a publicly traded special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”). The combined company will operate as NET Power Inc. (“NET Power”) and its Class A common stock and warrants to purchase Class A common stock.

NET Power Completes Merger with Rice Acquisition Corp. II to Accelerate Clean Natural Gas Power Generation

DURHAM, N.C.--(BUSINESS WIRE)--NET Power, LLC (“NET Power”), an energy company whose proprietary technology delivers clean, affordable, reliable energy, and Rice Acquisition Corp. II (NYSE: RONI) (“RONI”), a publicly traded special purpose acquisition company, today announced that they expect to close their previously announced business combination on June 8, 2023. The closing is subject to receipt of RONI shareholder approval, with the RONI extraordinary general meeting of shareholders to be h.

NET Power and Rice Acquisition Corp. II Announce Gross Proceeds of At Least $670 million and Expect to Close Business Combination on June 8, 2023

DURHAM, N.C.--(BUSINESS WIRE)--NET Power, LLC (“NET Power”) and Rice Acquisition Corp. II (NYSE: RONI) (“RONI”) today announced a $50 million PIPE commitment from SK Group (“SK”) in connection with NET Power's and RONI's proposed business combination. The groups also announced their intent to establish a NET Power-SK Joint Venture to pursue the origination and development of utility-scale NET Power plants across Asia. The proposed NET Power-SK Joint Venture is expected to utilize NET Power's pa.

NET Power and Rice Acquisition Corp. II Secure $50 Million PIPE Commitment from SK Group and Announce Intent to Form Joint Venture to Accelerate Deployment of NET Power Plants in Asia

Occidental Petroleum

DURHAM, N.C.--(BUSINESS WIRE)--NET Power, LLC (“NET Power”) and Rice Acquisition Corp. II (NYSE: RONI) (“RONI”) today announced an additional $275 million of PIPE commitments in connection with their proposed business combination. Occidental (NYSE: OXY) has increased its commitment to the PIPE by $250 million, bringing its total investment to $350 million, while the Rice family has committed an additional $25 million to the PIPE, bringing their total investment to $125 million. The new commitme.

NET Power and Rice Acquisition Corp. II Announce Upsized PIPE Commitments from Occidental and Rice Family

The Rice Brothers are bringing NET Power to the market; they plan to leverage unique patent-protected technology to transform the world's electricity supply market. They are bringing together three world-leading companies to help make the vision a reality.

Rice Acquisition Corp. II: A JV Aiming To Be The World's Largest Clean Energy Supplier

The first Rice SPAC was bought by BP in November at $25 per share, 18 months ago, those shares were available for $10. Merger plans have just been announced with NET Power, a clean electricity from Natural Gas Generator.

Rice Acquisition Corp. II: The Rice Brothers Have Another New SPAC And I'm Buying

Rice Acquisition Corp. II RONI, said Wednesday it will combine with NET Power LLC in a deal valued at about $1.46 billion. The company will be named NET Power Inc. for trading on the NYSE under the symbol NPWR after it closes as expected in the second quarter.

Occidental-backed NET Power combining with Rice Acquisition Corp. II

DURHAM, N.C.--( BUSINESS WIRE )--Rice Acquisition Corp. II (NYSE: RONI) (“RAC II”), a special purpose acquisition company focused on supply-side decarbonization solutions, and NET Power, LLC (“NET Power”) today announced a definitive agreement to enter into a business combination (the “transaction”) to accelerate deployment of NET Power's proprietary technology that delivers clean, reliable, and low-cost power from natural gas. After the business combination, the company will be named NET Power Inc. (the “combined Company”). The transaction is expected to close in the second quarter of 2023 and the combined Company will be listed on the NYSE under the ticker symbol “NPWR”.

NET Power to Combine with Rice Acquisition Corp. II to Accelerate Decarbonization of Natural Gas Power Generation

News for Rice Acquisition Corp II Stock (RONI)