Li-Cycle Announces Pricing of $15 Million Underwritten Public Offering
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Li-Cycle Holdings Corp. has announced the pricing of its $15 million underwritten public offering in the US, which is expected to generate gross proceeds of approximately $15 million before expenses.
January 15, 2025 | 2:15 pm
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Li-Cycle Holdings Corp. has priced its $15 million underwritten public offering, which is expected to raise gross proceeds of approximately $15 million before expenses.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering is expected to raise $15 million, which could be seen as a positive for the company's capital but may initially pressure the stock price.
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