Li-Cycle Holdings (LICY) has released an update.
Li-Cycle Holdings Corp., a major player in lithium-ion battery resource recovery, has announced the effective completion of its Share Consolidation, aiming to boost its share trading price and maintain compliance with NYSE regulations. The consolidation results in an 8-to-1 share ratio, with adjusted terms for outstanding securities, and will start trading under the same ticker symbol ‘LICY’. Shareholders affected by fractional shares will see those shares canceled without compensation as the company moves towards a more streamlined capital structure.
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