Welcome to our dedicated page for Li-Cycle Holdings news (Ticker: LICYQ), a resource for investors and traders seeking the latest updates and insights on Li-Cycle Holdings stock.
The news page for Li-Cycle Holdings Corp. (LICYQ) focuses on company disclosures related to its lithium-ion battery resource recovery business, court-supervised restructuring, and significant corporate transactions. Recent announcements highlight the completion of a sale of certain subsidiaries and assets to an affiliate of Glencore Canada Corporation, identified as Li-Cycle’s largest secured creditor.
News coverage includes details of the credit bid transaction under which the Glencore affiliate acquired Li-Cycle’s Spokes in Germany, Arizona, Alabama, New York, and Ontario, the Rochester Hub project, and the company’s intellectual property portfolio, along with the assumption of certain liabilities. These updates explain how the court-approved sale and investment solicitation process concluded and how Li-Cycle’s remaining entities are being wound up or remain under creditor protection.
Another key category of news involves regulatory and trading developments. Li-Cycle has reported receiving a cease trade order from the Ontario Securities Commission due to its failure to file required interim financial statements, related management’s discussion and analysis, and certifications. The company has also described the implications of this order for trading in its securities in Canadian jurisdictions, and how its shares, quoted on the OTC Pink Markets as LICYQ, may transition to the OTC Expert Markets in connection with SEC Rule 15c2-11.
Visitors can use this news feed to follow Li-Cycle’s announcements about its Companies' Creditors Arrangement Act proceedings in Canada, related Chapter 15 recognition in the United States, and decisions regarding public disclosure obligations. For anyone tracking LICYQ, these news items provide context on the company’s restructuring path, asset disposition, and evolving trading status.
Li-Cycle Holdings Corp. (NYSE:LICYQ) has completed the sale of significant portions of its business to Glencore Canada Corporation, its largest secured creditor, through a credit bid and debt assumption process. The transaction includes Li-Cycle's Spoke facilities in Germany, Arizona, Alabama, New York, and Ontario, along with its Rochester Hub project and intellectual property portfolio.
The sale concludes Li-Cycle's court-approved sale and investment solicitation process under the Companies' Creditors Arrangement Act (CCAA) and Chapter 15 of the U.S. Bankruptcy Code. The remaining Li-Cycle entities will either be wound up or continue under creditor protection.
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