Li-Cycle Announces Closing of $15 Million Underwritten Public Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
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Should l Buy ?
Source: Newsfilter
Li-Cycle's Public Offering: Li-Cycle Holdings Corp. successfully closed a public offering in the U.S., raising approximately $15 million through the sale of 5 million units and 10 million pre-funded units, with proceeds intended for working capital and corporate purposes.
Consent Agreement with Glencore: The company entered into a consent and waiver agreement with Glencore Canada Corporation, allowing the issuance of warrants while waiving any defaults related to a senior secured convertible note, amid financial difficulties that exempted them from certain regulatory requirements.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
