secwatch.observer — SEC 8-K summary
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Issuer:     Li-Cycle Holdings Corp. (—)
CIK:        0001828811
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001193125-25-122542
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 1.03, 2.03, 2.04, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Li-Cycle files for creditor protection; Glencore provides $10.5M DIP and $40M stalking horse bid
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- Filed for CCAA creditor protection in Canada and Chapter 15 in U.S.; expects court-supervised sale and investment solicitation process.
- Entered DIP facility with Glencore affiliate: up to $10.5M (with potential $1.25M increase) at 11.3% interest, subject to court approval.
- Glencore stalking horse agreement to buy key subsidiaries and assets (Arizona, Alabama, New York, Germany Spokes, Rochester Hub, IP) for at least $40M plus assumed liabilities.
- Event of default accelerated obligations under Glencore convertible notes (principal, interest, make-whole) and Koch Note; DOE loan not drawn.
- Moved to OTC Pink Markets under symbol LICYQ; Germany Spoke to continue operating with DIP proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828811/000119312525122542/0001193125-25-122542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828811/000119312525122542/d892872d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-122542

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