Li-Cycle Holdings Faces Financial Challenges Amid Waiver Extensions

An announcement from Li-Cycle Holdings ( (LICYF) ) is now available.

Li-Cycle Holdings Corp. announced further extensions of waivers from its convertible note holders, Glencore and Wood River Capital, allowing its shares to continue trading on the OTCQX Best Market until May 13, 2025. Despite these extensions, the company faces significant financial challenges and may need to modify or terminate operations, potentially leading to asset liquidation or insolvency. Li-Cycle has engaged Alvarez & Marsal Corporate Finance to explore potential buyers for its business or assets.

The most recent analyst rating on (LICYF) stock is a Hold with a $2.2500 price target. To see the full list of analyst forecasts on Li-Cycle Holdings stock, see the LICYF Stock Forecast page.

Spark’s Take on LICYF Stock

According to Spark, TipRanks’ AI Analyst, LICYF is a Neutral.

Li-Cycle Holdings’ overall score is affected by strong revenue growth but hindered by significant financial challenges, including high leverage and negative cash flows. Technical indicators suggest bearish momentum, while recent earnings calls and corporate events highlight positive strategic progress and additional funding. Overall, while there are promising developments, financial and operational hurdles need resolution to improve the stock’s outlook.

To see Spark’s full report on LICYF stock, click here.

More about Li-Cycle Holdings

Li-Cycle Holdings Corp. is a leading global company specializing in lithium-ion battery resource recovery. Established in 2016, the company focuses on recovering critical battery-grade materials to create a closed-loop battery supply chain, contributing to a clean energy future.

Average Trading Volume: 490,219

Technical Sentiment Signal: Sell

Current Market Cap: $3.41M

Find detailed analytics on LICYF stock on TipRanks’ Stock Analysis page.