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Li-Cycle Holdings Corp - LICY STOCK NEWS

Welcome to our dedicated news page for Li-Cycle Holdings (Ticker: LICY), a resource for investors and traders seeking the latest updates and insights on Li-Cycle Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Li-Cycle Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Li-Cycle Holdings's position in the market.

Rhea-AI Summary
Li-Cycle transitions to centralized management model to increase efficiencies, expecting $10 million in cost savings annually. Leadership changes announced to align with new structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.15%
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none
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Rhea-AI Summary
Li-Cycle Holdings Corp. (NYSE: LICY) announces a $75 million investment from Glencore plc, boosting liquidity and funding strategy. The investment is a convertible note, strengthening the partnership between the two companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.51%
Tags
none
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Rhea-AI Summary
LICY to hold conference call to discuss business update and 2023 financial results, secures $75 million strategic investment from Glencore.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.73%
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none
News
Rhea-AI Summary
The press release highlights the company's strong performance in 2023, with a transition to reporting under U.S. GAAP, significant production growth, revenue increase, and a substantial strategic investment. Financially, the company exceeded production targets, reported revenue growth, and secured a significant investment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
44.09%
Tags
earnings
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Rhea-AI Summary
Li-Cycle Holdings Corp. announces a $75 million investment from Glencore plc to enhance liquidity and support future plans. The agreement builds on their long-term partnership and aims to bring circularity to the battery materials space.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
46.32%
Tags
none
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Rhea-AI Summary
Li-Cycle Holdings Corp. (NYSE: LICY) has received a notice from the New York Stock Exchange indicating non-compliance with listing standards due to the average closing price of its common stock being less than $1.00 over a consecutive 30 trading-day period. The company has a six-month period to bring its average closing share price to at least $1.00. The notice has no immediate effect on the listing of the company’s common shares on the NYSE.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
Rhea-AI Summary
Li-Cycle Holdings Corp. (NYSE: LICY) is evaluating financing and strategic alternatives after regulatory filings by Glencore plc and its affiliates regarding discussions with the company. The company has engaged Moelis & Company LLC as a financial advisor to assist in the process, which includes existing stakeholders and potential new investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.31%
Tags
none
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Rhea-AI Summary
Li-Cycle Holdings Corp. (NYSE: LICY) announced a financial update and business progress, including a comprehensive review of the Rochester Hub project, working with the U.S. Department of Energy for a loan commitment of up to $375 million, and evaluating financing and strategic alternatives with Moelis & Company LLC. The company paused construction on the Rochester Hub project due to escalating costs, leading to a significant budget overrun, and is undertaking a comprehensive review of the go-forward strategy for the project. Financial results for Q3 2023 showed a net loss of $130.5 million, driven by an impairment charge of $96.5 million related to the Rochester Hub.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-55.1%
Tags
earnings
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Rhea-AI Summary
Li-Cycle Holdings Corp. (NYSE: LICY) Engages Moelis & Company LLC as Financial Advisor for Evaluating Financing and Strategic Alternatives
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-55.1%
Tags
none
Rhea-AI Summary
Li-Cycle Holdings Corp. announces the adoption of a limited duration shareholder rights plan to protect the long-term interests of the company and its shareholders. The plan is designed to prevent any person or group from gaining control of the company without compensating shareholders. It applies to all current and future shareholders and will issue one right for each common share. The rights become exercisable if an entity acquires 20% or more of the company's outstanding common shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.73%
Tags
none
Li-Cycle Holdings Corp

NYSE:LICY

LICY Rankings

LICY Stock Data

184.42M
157.29M
21.78%
37.2%
11.21%
Facilities Support Services
Administrative and Support and Waste Management and Remediation Services
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