The latest announcement is out from Li-Cycle Holdings ( (LICY) ).
Li-Cycle Holdings Corp. announced that its common shares will commence trading on the OTCQX Best Market under the symbol ‘LICYF’ on February 27, 2025, following the suspension of trading on the NYSE due to non-compliance with NYSE regulations. The transition to OTCQX is expected to reduce costs and maintain access to U.S. capital markets. The company has obtained waivers from its convertible debt holders, Glencore Canada Corporation and Wood River Capital, LLC, to facilitate this move, and plans to list its shares on another eligible market by April 30, 2025.
More about Li-Cycle Holdings
Li-Cycle Holdings Corp. is a leading global company in the lithium-ion battery resource recovery industry. Established in 2016, the company focuses on recovering critical battery-grade materials to create a domestic closed-loop battery supply chain. Li-Cycle utilizes its innovative Spoke & Hub Technologies to recycle various types of lithium-ion batteries, producing valuable metals such as lithium, nickel, and cobalt.
YTD Price Performance: -64.43%
Average Trading Volume: 1,672,444
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $29.88M
For a thorough assessment of LICY stock, go to TipRanks’ Stock Analysis page.