May 23, 2025

On May 22, 2025, the Court issued an Amended and Restated Initial Order ("ARIO") and a Sale and Investment Solicitation Process Order (the “SISP Order”).

On May 23, 2025, the US Bankruptcy Court entered Orders recognizing the CCAA Proceedings as ‘foreign main proceedings’ and giving full force and effect to the CCAA Proceedings, the Initial Order, the ARIO and the SISP Order in the United States under Chapter 15 of the United States Bankruptcy Code.

May 14, 2025

On May 14, 2025, Li-Cycle Holdings Corp, Li-Cycle Corp., Li-Cycle Americas Corp., Li-Cycle U.S. Inc., Li-Cycle Inc., Li-Cycle North America Hub, Inc. (collectively, “Li-Cycle” or the “Applicants”) made an application to the Ontario Superior Court of Justice (Commercial List) (the “Court”) and were granted an order (the “Initial Order”), which, among other things, provides for a stay of proceedings pursuant to the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”).

Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor”) of the business and financial affairs of the Applicants.

Additionally, on May 14, 2025, following the granting of the Initial Order, the CRO, in its capacity as foreign representative, obtained an Order granting provisional relief from the United States Bankruptcy Court for the Southern District of New York (the “US Bankruptcy Court”).