Li-Cycle Corp. completes definitive agreement with Peridot Acquisition Corp. for C$1.67B
August 10, 2021
1.67 Billion CAD
On August 11, 2021, Li-Cycle Corp. ("Li-Cycle") completed its definitive arrangement agreement with Peridot Acquisition Corp. ("Peridot"), a publicly-traded special purpose acquisition company that resulted in Li-Cycle becoming a public company. The pro forma equity value of the combined company is approximately C$1.67 billion. Upon closing, the combined company has been renamed Li-Cycle Holdings Corp.
Founded in 2016, Li-Cycle is a commercial leader in lithium-ion battery resource recovery based in Toronto, Ontario.
McCarthy Tétrault LLP advised Li-Cycle with a team led by Jonathan Grant and Kim Brown that includes Fraser Bourne, Louis-Charles Filiatrault, Kabir Jamal, Vincent Yip and Emily Leduc Gagné.