Li-Cycle Announces Closing of $15 Million Underwritten Public Offering
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Li-Cycle Holdings Corp. has closed a $15 million underwritten public offering in the US, selling 5 million units. The proceeds will be used for company expenses, including underwriting fees.
January 16, 2025 | 6:45 pm
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Li-Cycle Holdings Corp. completed a $15 million public offering, which may provide the company with additional capital for growth and operational expenses.
The successful closing of the $15 million offering provides Li-Cycle with additional capital, which can be used for growth initiatives and covering operational expenses. This financial boost is likely to have a positive short-term impact on the stock price as it strengthens the company's financial position.
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