Li-Cycle Announces Launch of Proposed Underwritten Public Offering
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Li-Cycle Holdings Corp. has announced the launch of an underwritten public offering in the US, involving the sale of units consisting of common shares and warrants. Aegis Capital Corp. may receive a 45-day option to purchase additional units.
January 15, 2025 | 1:15 am
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Li-Cycle Holdings Corp. is launching a public offering in the US, which includes selling common shares and warrants. This move could impact the stock price due to potential dilution and market reaction.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. Investors may react to the increased supply of shares and potential impact on earnings per share.
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