Li-Cycle Adopts Limited Duration Shareholder Rights Plan
Li-Cycle Holdings Corp. (NYSE:LICY) ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, today announced that its Board of Directors (the "Board") has adopted a limited duration shareholder rights plan (the "Rights Plan").
The Rights Plan is intended to protect the long-term interests of Li-Cycle and Li-Cycle's shareholders and to enable them to realize the full potential value of their investment in the Company. The Rights Plan is designed to protect against unequal treatment of the Company's shareholders and reduce the likelihood that any person or group will gain control of, or exert significant influence over, Li-Cycle, including through open
