Vincent Wong Law Firms Remind Li-Cycle Investors of Deadline for Lead Plaintiff of June 20, 2022

NEW YORK, April 25, 2022 /PRNewswire/ — Attention Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (“Li-Cycle”) (NYSE: LICY) shareholders:

The law firms of Vincent Wang announce that a class action lawsuit has been filed on behalf of investors who purchased between February 16, 2021 and March 23, 2022.

If you have suffered a loss on your investment in Li-Cycle, contact us about the potential recovery using the link below. There is no cost or obligation for you.

https://www.wongesq.com/pslra-1/li-cycle-holdings-corp-fka-peridot-acquisition-corp-loss-submission-form?prid=26231&wire=4

ABOUT THE SHARE: The class action against Li-Cycle includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) Li-Cycle’s largest customer, Traxys, did not is not actually a customer, but merely a broker providing the Company’s financial working capital while Traxys attempts to sell Li-Cycle’s product to end customers; (2) the Company has engaged in transactions with highly questionable related parties; (3) the Company’s mark-to-model accounting is vulnerable to abuse and gives a false impression of growth; (4) a significant portion of the Company’s reported revenue was derived simply from gross up receivables on products that had not been sold; (5) the gross margins of the Company have probably been negative since its inception; (6) the Company will require a supplement $1 billion funding to support its expected growth (which is a higher number than the Company raised through the merger); and (7) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.

DEADLINE: June 20, 2022

Li-Cycle’s aggrieved investors only have up to June 20, 2022 ask the court to appoint you as the main plaintiff. You are not required to act as the lead plaintiff to participate in any collection.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigation involving financial fraud and violations of shareholder rights. Lawyer advertisement. Prior results do not guarantee similar results.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Office 304
New York, NY 10002
Such. 212.425.1140
E-mail: [email protected]

SOURCE The law firms of Vincent Wang

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