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| | Filed by Peridot Acquisition Corp. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Peridot Acquisition Corp. (Commission File No. 001-39551) |
EMAIL SUBJECT: Li-Cycle Plans to Go Public!
Dear Li-Cycle Team,
We are thrilled to announce a significant milestone for Li-Cycle, as we plan to go public in the U.S. and list our stock on the New York Stock Exchange (NYSE) through a business combination with a special purpose acquisition company (SPAC), Peridot Acquisition Corp (Peridot) (NYSE: PDAC). Because Peridot is already publicly traded, upon the closing of the business combination Li-Cycle will become a public company and will trade on the NYSE under the new ticker symbol, “LICY”. The boards of directors of Li-Cycle and Peridot have unanimously approved the proposed transaction, and we expect to complete the business combination in the second quarter of 2021. For more information on our upcoming business combination, you can view the press release that we issued this morning announcing the transaction at the following link: Link.
We will continue to operate under the Li-Cycle name and there will otherwise be no meaningful changes to the team or how we conduct business. In other words, it’s business as usual at Li-Cycle.
We believe that this event will provide significant financial resources to fund our global growth strategy. With proceeds of this transaction estimated at $615 million, we are all the more excited to kick off the next chapter in our company’s journey.
As we enter this new chapter, however, there are rules we must all follow, as the SEC has strict guidelines governing external communications. we have designated certain spokespersons for Li-Cycle who can speak to the proposed transaction on behalf of the company. Accordingly, we ask that you, in turn, please avoid making any statements publicly or privately to any third party and to follow the guidelines set forth herein:
Please refrain from making any statements about our company or our performance in any open forums (e.g., online, to friends, on Facebook, Twitter, LinkedIn, via email, to existing or prospective customers, etc.). For further guidance and instruction on the rules governing social media communications, please see the attached guidelines for posting on social media about this event.
Should someone ask you about the process of going public or our company fundamentals, the best response is something polite like, “We’re really proud and excited, but it’s business as usual at Li-Cycle.” If pushed further, please offer to connect the inquirer with the appropriate team members.”
Should you receive any press inquiries, please forward details of the inquiry to the team at media@li-cycle.com, who can help handle media requests appropriately during this sensitive time. Understanding that communications are highly regulated through this process, please know that we will continue to share updates with you as we have more to report.