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PDAC - SPAC Peridot Acquisition nears deal to take battery recyler Li-Cycle public
Peridot Acquisition Corp. Class A
SPAC Peridot Acquisition Corp. (PDAC) is close to a deal to take Li-Cycle Corp., a recycler of lithium-ion batteries, public in a deal valued at about $1.7b, Reuters reported, citing people familiar.The transaction may be announced as soon as tomorrow, according to the report.Li-Cycle recycles end-of-life-lithium-ion batteries that power devices such as electric cars and smartphones.Recall Sept. 24, Peridot Acquisition prices $300M IPO.