IPO - Li-Cycle Holdings Corp.

Form Type: 424B5

Filing Date: 2025-01-16

Corporate Action: Ipo

Type: New

Accession Number: 000119312525007498

Filing Summary: Li-Cycle Holdings Corp. is offering a total of 5,000,000 units and 10,000,000 pre-funded units in a public offering. Each unit includes one common share, one Series A warrant, and one Series B warrant, with a public offering price of $1.00 per unit. The Series A warrants are exercisable at $1.00 per share for a term extending to eight months, while the Series B warrants also have an exercise price of $1.00 per share but are valid for five years. The offering also includes registration for the common shares issuable upon exercise of the warrants. Additionally, for investors whose purchases would result in owning more than 4.99% of the common shares, pre-funded units are available at a slightly lower price. The total public offering aims to raise $14,999,900 to fund working capital and general corporate purposes, with the offering expected to close around January 16, 2025. The units and pre-funded units will not be listed on any exchange, while the common shares are listed on the NYSE under the symbol 'LICY.' The underwriter has an over-allotment option to purchase additional shares and warrants within 45 days.

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Form Type: 8-K

Filing Date: 2025-01-16

Corporate Action: Ipo

Type: New

Accession Number: 000119312525007774

Filing Summary: On January 14, 2025, Li-Cycle Holdings Corp. entered into an underwriting agreement with Aegis Capital Corp. to conduct an underwritten public offering in the United States. The offering involved 5 million units, each comprising one common share, one Series A warrant, and one Series B warrant. Additionally, 10 million pre-funded units were offered, each consisting of one pre-funded warrant, one Series A warrant, and one Series B warrant. The public offering price per unit was $1.00, while the price for each pre-funded unit was $0.99999. The initial exercise price for both Series A and Series B warrants was set at $1.00, with different expiration terms for each. Aegis also received a 45-day option to purchase additional Common Shares and warrants. On January 16, 2025, Aegis exercised this option. The offering was made under a Form S-3 Registration Statement filed with the SEC. The company received net proceeds of approximately $13.4 million, intended for working capital and general corporate purposes. Furthermore, the company entered into a related agreement with Glencore Canada Corporation, granting consent for the issuance of the warrants.

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