SCHEDULE 13G: Armistice Capital Discloses 9.99% Passive Stake in Li-Cycle Holdings Corp.

Armistice Capital, LLC and Steven Boyd have jointly disclosed a significant passive ownership stake of 9.99% in Li-Cycle Holdings Corp., totaling 4,567,108 common shares.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively referred to as the 'Reporting Persons,' have filed a Schedule 13G indicating beneficial ownership in Li-Cycle Holdings Corp.
• The Reporting Persons beneficially own an aggregate of 4,567,108 common shares of Li-Cycle Holdings Corp.
• This ownership represents 9.99% of the total outstanding common shares of Li-Cycle Holdings Corp.
• Armistice Capital, LLC, a Delaware entity, acts as the investment manager for Armistice Capital Master Fund Ltd., the direct holder of the shares.
• Steven Boyd, a U.S. citizen, is the managing member of Armistice Capital, LLC.
• Both Reporting Persons share voting and dispositive power over all 4,567,108 shares.
• The filing certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The disclosure of a significant passive institutional stake is generally viewed as a positive signal, indicating investor confidence without implying immediate activist pressure or negative intent.

Positives

• The disclosure of a significant 9.99% stake by an institutional investor like Armistice Capital can be viewed as a vote of confidence in Li-Cycle Holdings Corp.'s long-term prospects.
• Increased institutional ownership can enhance the company's visibility and potentially attract further investment.

Industry Context

This Schedule 13G filing indicates continued institutional interest in companies operating within the battery recycling and critical materials sector, aligning with broader trends towards sustainable resource management and electric vehicle supply chain development.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor may positively influence market perception and potentially the share price, signaling confidence in the company.

Key Dates

Keywords

Li-Cycle Holdings Corp., Armistice Capital, Steven Boyd, SEC Schedule 13G, Beneficial Ownership, Common Shares, Institutional Investment, Passive Stake, Recycling, Battery Recycling