other material
confidence high
sentiment negative
materiality 0.75
Li-Cycle Holdings Corp.: Nasdaq/NYSE listing notice — Li-Cycle common shares delisted from NYSE; to trade on OTCQX from Feb 27, 2025 under symbol LICYF
Li-Cycle Holdings Corp.
- NYSE notified Li-Cycle it will delist common shares for non-compliance with $1.00 minimum price rule; trading suspended Feb 26.
- Company will not appeal delisting; expects NYSE to file Form 25; shares to trade on OTCQX Best Market under LICYF starting Feb 27.
- Obtained waivers from Glencore and Wood River through April 30, 2025 to permit OTCQX as an eligible market under convertible notes.
- Management reiterates focus on securing complete funding for Rochester Hub and satisfying conditions for DOE loan facility.
- Transfer to OTCQX does not affect SEC reporting obligations or day-to-day operations.