Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On May 25, 2021, Rice Acquisition Corp. (the "Company") received a notice from the New York Stock Exchange (the "NYSE") indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021 (the "Form 10-Q") with the Securities and Exchange Commission ("SEC").

On April 12, 2021, the staff of the SEC issued a public statement entitled "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies ('SPACs')" (the "Statement"), which expressed the view that certain terms and conditions common to warrants issued by special purpose acquisition companies ("SPACs") may require the warrants to be classified as liabilities on the SPAC's balance sheet as opposed to equity. As the Company reported in its Form 12b-25 filed with the SEC on May 18, 2021, in light of the Statement, the Company concluded that its warrants, which since issuance in October 2020 were accounted for as equity within the Company's balance sheet, should be presented as liabilities with subsequent fair value remeasurement, and on May 13, 2021, the Company filed restated audited financial statements as of and for the period from September 1, 2020 (inception) through December 31, 2020 in Amendment No. 1 to its Annual Report on Form 10-K/A (the "Restatement"). As a result of the considerable time and dedication of resources required to complete the Restatement, the Company was unable to timely file the Form 10-Q with the SEC.

On May 26, 2021, the Company filed the Form 10-Q, curing the late filer deficiency and regaining compliance with the NYSE's continued listing standards.

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