Li-Cycle Holdings Corp stock (CA53229C1077): trading on OTC after NYSE delisting and latest restructuring steps

Li-Cycle Holdings Corp, a lithium-ion battery recycling specialist headquartered in Toronto, Canada, continues to trade at a fraction of its former valuation after the company was delisted from the New York Stock Exchange in 2024 and moved to the OTC market in the United States.

The stock most recently traded on the OTC market in the United States under the symbol LICYQ, reflecting its post-delisting status, with quotations around fractions of a cent per share according to market data as of May 2026, while the company remains focused on its North American operations in the lithium-ion battery resource recovery segment.

Li-Cycle’s last reported regular-quarter earnings release was published on 11/07/2024, when the company posted a quarterly loss and modest revenue from its battery recycling activities, highlighting ongoing funding and execution challenges in scaling its commercial hub-and-spoke model.

The company had previously been listed on the New York Stock Exchange in the United States under the symbol LICY, aligning it with other technology and clean-tech names, but it now trades outside a major US exchange after the business faced financial pressures and compliance issues.

From a home-country perspective, Li-Cycle remains a Canada-based issuer, with its corporate headquarters in Toronto and its strategy centered on serving battery recycling demand in Canada and the United States, including planned hubs for processing critical battery materials.

German investors can also access the stock via off-exchange venues such as Tradegate or Frankfurt under secondary listings tied to the underlying OTC quotation, although liquidity is typically thin and spreads can be wide relative to the main US market.

The last available figures from the company’s 2024 financial disclosures showed negative net income and a lack of profitability as Li-Cycle ramped its processing capacity, with a trailing twelve-month loss and no dividend, which constrained investor appetite and ultimately contributed to the NYSE delisting and transition to OTC trading.

At the same time, Li-Cycle continues to emphasize its role in the North American battery materials supply chain, targeting the recovery of lithium, nickel, cobalt and other critical inputs from end-of-life batteries, which remains a policy priority in both Canada and the United States for energy transition and electric-vehicle supply security.

As of: 01/06/2026

By the editorial team - specialized in equity coverage.

Li-Cycle Holdings Corp: core business model

Li-Cycle focuses on recovering valuable materials from lithium-ion batteries through a hub-and-spoke recycling network that monetizes processed output such as lithium, nickel and cobalt products sold into the battery materials supply chain.

What banks and research houses say about Li-Cycle Holdings Corp

No verified analyst coverage was identified at the time of publication.

Conclusion

Li-Cycle Holdings Corp remains a Canada-based battery recycling player whose shares now trade on the US OTC market after leaving the NYSE, with the last reported results still showing losses and underscoring the capital-intensive nature of its hub-and-spoke rollout.

The absence of active, verifiable analyst coverage and the stock’s very low trading price highlight how sentiment has shifted from early growth expectations to a more cautious view on execution risk and funding, even as policy support for battery recycling in North America remains an important backdrop for the company’s long-term positioning.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.