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Li-Cycle Announces Launch of Proposed Underwritten Public Offering

Li-Cycle Announces Launch of Proposed Underwritten Public Offering

In This Article: LICY -31.20% TORONTO, January 15, 2025 –( BUSINESS WIRE )– Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" or the "Company"), a leading global…

Wednesday, Jan 15

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LICY -31.20%

TORONTO, January 15, 2025 –( BUSINESS WIRE )– Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, today announced that it has commenced an underwritten public offering in the United States (the "Offering") to offer and sell units consisting of (i) common shares (or pre-funded warrants in lieu thereof) and (ii) warrants to purchase common shares.

In addition, the Company expects to grant Aegis Capital Corp. a 45-day option to purchase additional common shares and/or warrants representing up to 15% of the total common shares and up to 15% of the total warrants sold in the Offering solely to cover over-allotments, if any.

The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.

The Company’s common shares trade on the NYSE under the symbol "LICY". The offered warrants and pre-funded warrants, if any, will not be listed on any exchange. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

Aegis Capital Corp. is acting as the sole book-running manager for the Offering on a firm commitment basis. Freshfields US LLP is acting as counsel to the Company. Sichenzia Ross Ference Carmel LLP is acting as counsel to Aegis Capital Corp.The Offering is being made pursuant to an effective shelf registration statement on Form […]

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