Li-Cycle To Redeem All Outstanding Warrants

December 27, 2021 9:11 AM | 1 min read | Make a Comment

Li-Cycle Holdings Corp LICY to redeem all of its warrants to purchase common shares that remain outstanding at 5:00 p.m. Eastern time on January 26, 2022, for a redemption price of $0.10 per Warrant.
The Warrants are listed on the NYSE and governed by a Warrant Agreement dated September 23, 2020.
Under the Warrant Agreement, there were 15 million warrants originally issued under Peridot Acquisition Corp's IPO and 8 million warrants issued in a private placement to Peridot Acquisition Sponsor, LLC concurrently with the closing of Peridot's IPO.
Holders may elect to surrender their warrants on a "make-whole exercise" before the redemption date of January 26, 2022.
Price Action: LICY shares are trading higher by 3.88% at $10.44 during the premarket session on Monday.

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