Archaea, Aria look to merge, create new RNG platform

Rice Acquisition Corp. (RAC), a special purpose acquisition company based in Carnegie, Pennsylvania, announced Aug. 18 that it will hold a special meeting of stockholders to, among other things, allow its stockholders to approve the proposed business combination of Aria Energy LLC, Novi, Michigan, and Archaea Energy LLC, Canonsburg, Pennsylvania. The proposed merger will create a leading renewable natural gas (RNG) platform, the companies note in a release.

The meeting is scheduled for Sept. 9. Holders of record of RAC’s common stock at the close of business on the record date of July 29 may vote at the meeting.

Upon the closing of the merger, the combined company will be named Archaea Energy Inc. The parties expect that the combined company’s Class A common stock and warrants will be listed on the New York Stock Exchange under the ticker symbol “LFG” and “LFG WS,” respectively.