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Li-Cycle Corp., a leader in lithium-ion battery recycling, has announced an Investor Day Webcast that details its growth strategy and innovative technologies. The webcast features Li-Cycle's executive team and Preston Powell from Peridot Acquisition Corp. (NYSE: PDAC), discussing the potential of Li-Cycle as an attractive investment. The company is set to complete a business combination with Peridot by Q2 2021, pending shareholder approval, resulting in a new listing under the ticker symbol 'LICY'. Li-Cycle aims to revolutionize battery resource recovery, addressing urgent material supply issues.
Li-Cycle Corp. announced a significant agreement with Ultium Cells LLC to recycle up to 100% of scrap generated at their Lordstown, Ohio battery plant. This partnership aims to enhance the sustainability of electric vehicle (EV) production, contributing to the circular economy by recovering valuable raw materials. Ultium’s $2.3 billion plant is set to expand its recycling efforts, aligning with GM's zero-waste initiative. Li-Cycle will utilize its Spoke & Hub Technologies to convert manufacturing waste into battery-grade materials, supporting the EV supply chain.
Li-Cycle Corp., North America's largest lithium-ion battery recycler, announced the appointment of Carl DeLuca as General Counsel and Lauren Choate as VP of Human Resources. DeLuca brings 25 years of legal and public company experience, having previously led legal functions at Detour Gold. Choate has over 25 years in global human resources, with significant roles at Kärcher North America. The changes come as Li-Cycle prepares for its planned business combination with Peridot Acquisition Corp. (NYSE: PDAC), expected to close in Q2 2021, marking a pivotal expansion phase for the company.
Li-Cycle Corp. has launched The Green-Cycle Podcast to discuss advancements in clean technology and lithium-ion battery recycling. Hosted by Lee Constable, the podcast aims to celebrate Earth Month and features insights from Li-Cycle’s Co-founders. The first episode is accessible on various platforms, including Apple Podcasts and Spotify. Additionally, the company announced a business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC), expected to close in Q2 2021, resulting in a new entity named Li-Cycle Holdings Corp., which intends to list under the ticker ‘LICY’.
Li-Cycle Corp. announced the results from its April 22, 2021, special shareholder meeting regarding its business combination with Peridot Acquisition Corp. Approximately 96.83% of voting shares were represented, and the Arrangement Resolution received unanimous approval (100% of votes cast). The new entity, Li-Cycle Holdings Corp., will amalgamate with Peridot. Li-Cycle aims to apply for a final order from the Ontario Superior Court on April 30, 2021, with the Business Combination expected to close in Q2 2021, pending Peridot's shareholder approval and other closing conditions.
Li-Cycle Corp., a leader in lithium-ion battery recycling, has been recognized by the Solar Impulse Foundation as part of its Beyond 1,000 solutions list for 2021. This acknowledgment highlights Li-Cycle's innovative Spoke & Hub Technologies™, which achieve a recovery rate of up to 95% of resource mass from used batteries. The company's sustainable approach aligns with the growing demand for environmentally-friendly recycling solutions amid the surge in battery manufacturing. Following a business combination with Peridot Acquisition Corp. (NYSE: PDAC), the combined entity will be named Li-Cycle Holdings Corp.
Li-Cycle Corp. has announced plans to construct its third lithium-ion battery recycling facility, named 'Spoke 3', in Gilbert, Arizona. This facility will process up to 10,000 tonnes of batteries annually, doubling the company's North American recycling capacity to 20,000 tonnes. Spoke 3 will enhance Li-Cycle's operational footprint, allowing it to process complete electric vehicle battery packs. This strategic expansion aligns with the growing electric vehicle market demands while promoting sustainable practices. Li-Cycle aims to recycle battery materials with a recovery rate of up to 95%.
Li-Cycle Corp., the largest lithium-ion battery recycler in North America, announced the granting of two utility patents by the U.S. Patent and Trademark Office, strengthening its intellectual property position. These patents, combined with related pending patents, enhance the company's technology leadership in battery recycling. Li-Cycle's Spoke & Hub Technologies™ achieve an industry-leading 95% resource mass recovery, promoting sustainable practices in the growing electric vehicle market. The company is set to merge with Peridot Acquisition Corp. (NYSE: PDAC), anticipated to finalize in Q2 2021, rebranding as Li-Cycle Holdings Corp.
Li-Cycle Corp. announces its participation in various investor events including the Wells Fargo Future Mobility Conference and the Wedbush Electric Vehicle Conference from April 7-8, 2021. Additionally, they entered a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC), expected to close in Q2 2021, resulting in the new entity, Li-Cycle Holdings Corp., and the new ticker symbol "LICY". Li-Cycle focuses on lithium-ion battery resource recovery and has developed innovative technologies for sustainable material supply.
Li-Cycle Corp., North America’s largest lithium-ion battery recycling company, announced a partnership with The Shore Foundation to enhance technological access for low-income communities. This collaboration includes corporate sponsorship from Li-Cycle, supporting the refurbishment and distribution of computers while also focusing on battery recycling. The firm’s Rochester facility processes 5,000 tonnes of batteries annually, contributing to sustainable resource recovery. Li-Cycle expects to close its business combination with Peridot Acquisition Corp. soon, potentially receiving $615 million for expansion.
