(RTTNews) - Li-Cycle Holdings Corp. (LICY), a global lithium-ion battery resource recovery company, Wednesday announced pricing of its previously announced underwritten public offering in the United States, with gross proceeds to the company expected to be about $15 million.
The offering is expected to close on or about January 16, 2025, subject to the satisfaction of customary closing conditions.
Li-Cycle intends to use the net proceeds from this offering for working capital and general corporate purposes.
The offering consists of 15 million units. Each Unit consists of: one common share of the company, one Series A Warrant to purchase one common share, and one Series B Warrant to purchase one common share.
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