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Li-Cycle, North America's largest lithium-ion battery resource recycling company, is set to go public with a pro-forma equity value of $1.67 billion via the special purpose acquisition company
Peridot Acquisition Corp (NYSE: PDAC).
Li-Cycle co-founders Ajay Kochhar and Tim Johnston appeared on Benzinga's YouTube show "SPACs Attack" for an exclusive interview Friday.
Li-Cycle's CEO On SPAC Route, Battery Industry: Li-Cycle chose to go public via SPAC because it was an efficient way to fully fund its business plan, and being able to add an experienced management team to the board added depth to the business, said Kochhar, the co-founder, president and CEO of Li-Cycle.