Li-Cycle launches underwritten public offering

Li-Cycle (LICY) announced that it has commenced an underwritten public offering in the United States to offer and sell units consisting of (i) common shares (or pre-funded warrants in lieu thereof) and (ii) warrants to purchase common shares. In addition, the Company expects to grant Aegis Capital Corp. a 45-day option to purchase additional common shares and/or warrants representing up to 15% of the total common shares and up to 15% of the total warrants sold in the Offering solely to cover over-allotments, if any. Aegis Capital Corp. is acting as the sole book-running manager for the Offering on a firm commitment basis.