Peridot Acquisition Corp. Announces Shareholder Acceptance of Small business Mixture with Li-Cycle Corp. with Nominal Redemptions

HOUSTON & TORONTO, August 05, 2021–(Business enterprise WIRE)–Peridot Acquisition Corp. (“PDAC”) (NYSE: PDAC), these days announced the success for the 8 proposals deemed and voted upon by its shareholders at its amazing general meeting on August 5, 2021. PDAC reported that all of the proposals associated to the beforehand announced company combination arrangement involving PDAC and Li-Cycle Corp. (“Li-Cycle”) had been authorised by the PDAC shareholders at the remarkable basic conference. A Sort 8-K disclosing the comprehensive voting effects has been filed with the Securities and Trade Fee.

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Furthermore, the deadline for electing redemptions has handed with only approximately 11% of the full shares currently being redeemed and about 89% of resources will continue being in PDAC’s have faith in account as of closing. As a end result, Li-Cycle expects to receive around $580 million in gross proceeds at the time of the organization mix, immediately after providing result to minimal redemptions.

The closing of the business mixture is anticipated to just take location on or about August 10, 2021. Pursuing closing of the small business mix, the investing of the widespread stock and warrants of the put together firm, called “Li-Cycle Holdings Corp.”, are anticipated to start trading on the New York Stock Exchange on or about August 11, 2021 beneath the ticker symbols “LICY” and “LICY WS”, respectively.

About Li-Cycle Corp.

Li-Cycle is on a mission to leverage its progressive Spoke & Hub Technologies™ to supply a customer-centric, finish-of-existence answer for lithium-ion batteries, when building a secondary provide of vital battery supplies. Lithium-ion rechargeable batteries are more and more powering our globe in automotive, electrical power storage, buyer electronics, and other industrial and residence programs. The world needs enhanced engineering and supply chain innovations to improved manage battery production waste and finish-of-life batteries and to meet up with the fast developing demand from customers for important and scarce battery-grade uncooked supplies via a closed-loop alternative. For a lot more facts, go to https://li-cycle.com/.

About Peridot Acquisition Corp.

Peridot is a blank test organization shaped for the intent of coming into into a merger, share exchange, asset acquisition, share buy, reorganization or comparable company combination with a single or much more corporations. Peridot’s sponsor is an affiliate of Carnelian Electrical power Funds Administration, L.P., an financial commitment firm that focuses on opportunities in the North American electricity area in partnership with greatest-in-course management teams. For far more details, be sure to go to https://peridotspac.com/.

Caution Concerning Ahead-Hunting Statements

Specific statements contained in this communication might be viewed as forward-wanting statements within just the which means of the U.S. Private Securities Litigation Reform Act of 1995, Area 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements with regards to the proposed transaction involving Li-Cycle and Peridot and the capability to consummate the proposed transaction. Forward-on the lookout statements usually include things like statements that are predictive in nature and depend upon or refer to long term functions or circumstances, and include phrases these as “might,” “will,” “need to,” “would,” “hope,” “anticipate,” “strategy,” “most likely”, “imagine,” “estimate,” “project,” “intend,” and other related expressions amid other people. Statements that are not historic facts are ahead-searching statements. Forward-searching statements are dependent on present-day beliefs and assumptions that are topic to hazards and uncertainties and are not guarantees of foreseeable future functionality. Real final results could vary materially from people contained in any ahead-hunting statement as a end result of different components, such as, without limitation: (i) the danger that the disorders to the closing of the proposed transaction are not happy, such as the failure timely or at all obtain any needed regulatory clearances, like less than the Hart-Scott Rodino Antitrust Advancements Act (ii) uncertainties as to the timing of the consummation of the proposed transaction and the ability of every of Li-Cycle and Peridot to consummate the proposed transaction (iii) the probability that other expected positive aspects of the proposed transaction will not be realized, and the predicted tax treatment of the mix (iv) the prevalence of any event that could give increase to termination of the proposed transaction (v) the possibility that stockholder litigation in relationship with the proposed transaction or other settlements or investigations may well affect the timing or event of the proposed transaction or result in substantial expenditures of defense, indemnification and legal responsibility (vi) adjustments in basic financial and/or business specific situations (vii) possible disruptions from the proposed transaction that could damage Li-Cycle’s business (viii) the skill of Li-Cycle to retain, catch the attention of and use vital staff (ix) potential adverse reactions or changes to interactions with customers, workers, suppliers or other get-togethers resulting from the announcement or completion of the proposed transaction (x) probable company uncertainty, which includes improvements to existing enterprise interactions, in the course of the pendency of the proposed transaction that could affect Li-Cycle’s economical general performance (xi) legislative, regulatory and economic developments (xii) unpredictability and severity of catastrophic situations, like, but not minimal to, functions of terrorism, outbreak of war or hostilities and any epidemic, pandemic or sickness outbreak (together with COVID-19), as effectively as management’s response to any of the aforementioned aspects and (xiii) other possibility elements as comprehensive from time to time in Peridot’s filings with the SEC and as described in the “Possibility Variables” segment of Li-Cycle’s registration statement on Variety F-4. The foregoing record of important aspects is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the ailments to the proposed transaction will be glad. Other than as necessary by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking assertion, or to make any other ahead-hunting statements, no matter if as a consequence of new details, future activities or usually.

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Contacts

Investors Relations: traders@li-cycle.com
Press: media@li-cycle.com