GreenEnergyBreaks – Li-Cycle Holdings Corp. (NYSE: LICY) Secures $15M in Underwritten Public Offering

Li-Cycle (NYSE: LICY), a leading global lithium-ion battery resource recovery company, has announced the closing of its underwritten public offering in the United States. Li-Cycle secured approximately $15 million in gross proceeds from the offering, of which it intends to use the net for working capital and general corporate purposes. In addition, the company granted Aegis Capital Corp. a 45-day option to purchase additional Common Shares and/or Series A Warrants and/or Series B Warrants representing up to 15% of the total Common Shares and up to 15% of the total Series A Warrants and Series B Warrants sold in the offering solely to cover over-allotments, if any. On Jan. 16, 2025, Aegis exercised its over-allotment option with respect to 2,250,000 Series A Warrants and 2,250,000 Series B Warrants. Aegis Capital Corp. acted as the sole book-running manager for the offering on a firm commitment basis. Freshfields US LLP acted as counsel to the company, and Sichenzia Ross Ference Carmel LLP acted as counsel to Aegis.

To view the full press release, visit https://ibn.fm/Jaor7

About Li-Cycle Holdings Corp.

Li-Cycle is a leading global lithium-ion battery resource recovery company. Established in 2016, and with major customers and partners around the world, Li-Cycle’s mission is to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. The company leverages its innovative, sustainable and patent-protected Spoke & Hub Technologies(TM) to recycle all different types of lithium-ion batteries. At its Spokes, or pre-processing facilities, the company recycles battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance which contains a number of valuable metals, including lithium, nickel and cobalt. At its future Hubs, or post-processing facilities, Li-Cycle plans to process black mass to produce critical battery-grade materials, including lithium carbonate, for the lithium-ion battery supply chain. For more information, visit https://li-cycle.com.

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