Li-Cycle HoldingsNYSE: LICY

Li-Cycle Holdings Corp (NYSE:LICY ) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Louie Diaz - Vice President, Investor Relations Ajay Kochhar - President and Chief Executive Officer Craig Cunningham - Chief Financial Officer Operator Hello, everyone, and welcome to the Li-Cycle Holdings Corp. Q3 2024 Financial Results. My name is Charlie, and I'll be coordinating the call today.

Li-Cycle Holdings Corp. (NYSE:LICY ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Louie Diaz - Vice President, Investor Relations Ajay Kochhar - President and Chief Executive Officer Craig Cunningham - Chief Financial Officer Conference Call Participants Doug Paul - LPL Financial Matthew O'Keefe - Cantor Fitzgerald Operator Good day. My name is Ashley, and I will be your conference operator today.

TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, today announced that its previously announced consolidation (the “Share Consolidation”) of all of its issued and outstanding common shares (“Shares”) at a ratio of eight (8) pre-consolidation Shares for one (1) post-consolidation Share became effective today. The Company expects the Shares to begin trading on a post-consolidation basis on.

Li-Cycle LICY, +9.51% will cut about 17% of its global workforce and reshuffle its leadership after a review of operations to conserve cash.

Battery recycler Li-Cycle plans to lay off 17% of its staff - including three senior executives - as it pares its ambitious global growth plans in order to save cash and focus on building a crucial processing facility in New York.

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Renewable energy is not only measured in the creation of it, but also in the ways of storage and utilization. Batteries today are part of a wide variety of tools that we use in our daily lives, such as electric cars, light, energy for our offices and homes, among many others.

Li-Cycle Holdings Corp. (LICY) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

New concerns regarding its expansion into the United States are pushing Li-Cycle Holdings (NYSE: LICY ) stock down today. The Toronto-based battery recycling company recently reported third-quarter earnings.