Through a merger with the so called SPAC (Special Purpose Acquistion Company) Peridot Acquisition Corp the Canadian recycling company Li-Cycle will go public and will be listed on the New York Stock Exchange. If the deal goes through, after shareholder approval, it will provide Li-Cycle with $566M in cash to execute their business plan which include its commenced erection of a 60,000 hydrometallurgical plant in Rochester, New York as well as expansion of the business in Europe and Asia, including China.
The company is planning 3pre-processing plants in North America, 6 in Europe and 11 in Asia Pacific where also 3 additional processing plants will be built. Given that the company's cashflow forecast proves correct Li-Cycle have already secured funding for the entire expansion.
Find more information about the deal, plus an investor deck, here: https://li-cycle.com/investors/?utm_medium=email&_hsmi=111368954&_hsenc=p2ANqtz-_YPs3lmJ-IsBOE9tm0Rtg9AtJgJH3OdYOmA6Z8Xq0KdGwCbjQU39rO0w45KuQcF-pdtf2TJi_AZGGwijW0Y4BmsL_m3g&utm_content=111368954&utm_source=hs_email