Li-cycle Holdings CORP

Market Movers (8-K)

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Li-Cycle commences voluntary restructuring under CCAA and Chapter 15, secures DIP financing from Glencore, and enters into a stalking horse agreement for asset sales.
Capital raise
Worse than expected
Li-Cycle obtains another waiver extension from Glencore and Wood River Capital, allowing its shares to trade on the OTCQX market until May 13, 2025, while the company explores strategic alternatives.
Worse than expected
Delay expected
Li-Cycle Holdings Corp. obtained additional waiver extensions from Glencore and Wood River Capital, allowing its common shares to continue trading on the OTCQX market until May 9, 2025, while the company explores strategic alternatives.
Worse than expected
Li-Cycle Holdings Corp. files an amendment to its original 8-K report to update the disclosed family relationship between the newly appointed Chief Restructuring Officer and Interim Chief Financial Officer.
Li-Cycle is suspending operations at key facilities, seeking potential buyers for its business or assets, and undergoing leadership changes as it grapples with significant financial challenges and the potential for liquidation.
Worse than expected
Li-Cycle announces its 2024 financial results, highlighting increased revenue and decreased expenses while the company evaluates strategic alternatives amid financial uncertainty.
Delay expected
Worse than expected
Capital raise

Quarterly Earnings (10-Q)

Li-Cycle Holdings Corp. reported its Q3 2024 results, highlighting a net profit of $56.5 million, while also addressing ongoing financial challenges and strategic adjustments.
Worse than expected
Delay expected
Capital raise
Li-Cycle Holdings Corp. announced its Q2 2024 results, highlighting a strategic review of the Rochester Hub project, ongoing cash preservation efforts, and a change in auditors.
Worse than expected
Delay expected
Capital raise
Li-Cycle Holdings Corp. reported a net loss of $136.7 million for Q1 2024, alongside a strategic review of the Rochester Hub project and ongoing liquidity challenges.
Worse than expected
Delay expected
Capital raise

Annual Reports (10-K)

Li-Cycle's 10-K filing reveals substantial doubt about its ability to continue as a going concern due to ongoing losses, a paused Rochester Hub project, and the need for additional financing.
Delay expected
Worse than expected
Capital raise
Li-Cycle Holdings Corp. has filed an amendment to its annual report on Form 10-K to correct the market value of common shares, update financial statements due to a change in accounting standards, and address material weaknesses in internal controls and going concern doubts.
Worse than expected
Delay expected
Capital raise
Li-Cycle Holdings Corp.'s 10-K filing details its share capital structure, registration rights agreements, and transition to U.S. domestic issuer reporting status.
Capital raise

Insider Trading (Form 4)

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Glencore entities, as 10% owners and directors of Li-Cycle Holdings Corp., reported a reduction in the principal amount of a convertible note held by Glencore Canada Corporation following an asset purchase agreement.
Worse than expected
Capital raise
Ajay Kochhar, President and CEO of Li-Cycle Holdings Corp., reports a sale of common shares to cover tax liabilities arising from the vesting of restricted stock units.
Christopher J. Biederman, Chief Technology Officer of Li-Cycle Holdings Corp., sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Carl DeLuca, General Counsel and Corporate Secretary of Li-Cycle Holdings Corp., sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Dawei Li, Chief Commercial Officer of Li-Cycle Holdings Corp., sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Carl DeLuca, General Counsel and Corporate Secretary of Li-Cycle Holdings Corp., sold 840 common shares to cover tax liabilities arising from the vesting of restricted stock units.

Proxy Statements (Def-14A)

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Li-Cycle is set to appoint Marcum Canada LLP as its new independent auditor, replacing KPMG LLP, and will reconvene its annual general and special meeting on October 15, 2024, to seek shareholder approval.
Delay expected
Li-Cycle Holdings Corp. has selected Marcum Canada LLP as its new independent auditor and will reconvene its annual shareholder meeting on October 15, 2024, to vote on the appointment.
Delay expected
Li-Cycle announces Tim Johnston's resignation from the Board of Directors following his employment conclusion on May 31, 2024, with a potential Glencore nominee to fill the vacancy.
Li-Cycle Holdings Corp. will hold its 2024 annual general and special meeting of shareholders on May 23, 2024, in a virtual format.
Li-Cycle Holdings Corp. has filed a definitive proxy statement with the SEC pursuant to Section 14(a) of the Securities Exchange Act of 1934.
Li-Cycle Holdings Corp. will hold its annual general and special meeting on May 23, 2024, to vote on key proposals including the election of directors, appointment of auditors, and a share consolidation.
Worse than expected
Capital raise

Schedule 13D - Activist Investments

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Glencore Canada Corporation increased its beneficial ownership in Li-Cycle Holdings Corp. to 62.6% following a debt reduction and collateral release agreement.
Capital raise
Worse than expected
Glencore plc and its subsidiaries have significantly increased their beneficial ownership in Li-Cycle Holdings Corp. to 65.9% as Li-Cycle undergoes creditor protection and Glencore pursues an acquisition via a credit bid.
Worse than expected
Capital raise
Glencore, a major shareholder, has formally expressed interest in acquiring Li-Cycle Holdings Corp. and/or substantially all of its business, citing the need to address the company's operational and capital structure issues.
Worse than expected
Capital raise
Glencore has filed an Amendment No. 8 to its Schedule 13D, detailing significant amendments to its convertible notes in Li-Cycle Holdings Corp. and updating its beneficial ownership to a potential 66.5% stake.
Glencore plc has filed an amendment to its Schedule 13D, confirming a 66.4% beneficial ownership in Li-Cycle Holdings Corp. through convertible notes and detailing over $1.5 billion in fines and forfeitures from past global legal proceedings related to bribery and market manipulation.
Worse than expected
Glencore plc and its subsidiaries have significantly increased their beneficial ownership in Li-Cycle Holdings Corp. to 69.8% following adjustments to the conversion prices of their outstanding convertible notes.
Capital raise

Schedule 13G - Passive Investments

Armistice Capital, LLC and Steven Boyd have reported beneficial ownership of 3,372,000 shares, representing 7.57% of Li-Cycle Holdings Corp.'s common stock.
Armistice Capital, LLC and Steven Boyd have jointly reported beneficial ownership of 4,569,327 shares, representing 9.99% of Li-Cycle Holdings Corp.'s common stock, as of March 31, 2026.
Armistice Capital, LLC and Steven Boyd have jointly disclosed a significant passive ownership stake of 9.99% in Li-Cycle Holdings Corp., totaling 4,567,108 common shares.
Affiliates of Koch Inc., including Wood River Capital and Spring Creek Capital, have disclosed beneficial ownership of 5.28% of Li-Cycle Holdings Corp.'s common shares, primarily through convertible notes.