Li-Cycle Holdings Corp LICY shares are trading lower by 25% to $1.13 during Wednesday’s session after the company announced pricing of a U.S. offering of common shares and warrants.
What To Know: Li-Cycle Holdings announced the pricing of a $15 million public offering in the U.S., with closure expected by January 16, 2025, pending standard conditions.
The offering includes 15 million units priced at $1.00 each, comprising one common share, one Series A Warrant, and one Series B Warrant.
The Series A and B Warrants, exercisable at $1.00 per share, will expire in eight months and five years, respectively. Aegis Capital Corp. has a 45-day option to purchase additional shares and warrants.
Proceeds will support Li-Cycle’s working capital and corporate initiatives.
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Should I Sell My LICY Stock?
Whether to sell or hold a stock largely depends on an investor’s strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
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LICY has a 52-week high of $15.36 and a 52-week low of $0.92.
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