Li-Cycle Holdings falls after $15 mln public offering

Li-Cycle Holdings

15/01/2025 18:50

** Shares of battery recycler Li-Cycle Holdings  LICY.N  fall 33.4% to $1.01
    ** LICY says it is raising $15 mln through an underwritten public offering
    ** The offering consists of 15 million units, each consisting of one common share, a Series
A Warrant and a Series B Warrant, with a public offering price per unit of $1
    ** Offering priced at 34.2% discount to stock's last close
    ** Co plans on using the proceeds for working capital and general corporate purposes
    ** Aegis Capital is the sole book-running manager for the offering
    ** LICY fell ~62% in 2024

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com))