Li-Cycle Holdings (Peridot Acquisition) ^{Priced, NYSE: LICY}

We are a newly organized blank check company. Although we may pursue an initial business combination with any business in any industry and any geographic location, we intend to target opportunities and companies that focus on environmentally sound infrastructure, industrial applications and disruptive technologies that eliminate or mitigate GHG emissions and/or enhance resilience to climate change, a thematic that we refer to as Mitigation and Adaptation. Our sponsor is an affiliate of Carnelian, a private equity firm with extensive investment experience and a successful track record of identifying high-quality assets, businesses and management teams and of creating value within the broader energy space. We believe our management team, in concert with the Carnelian platform, is well positioned to identify attractive risk-adjusted business combination targets. We intend to leverage management’s and Carnelian’s significant collective experience and structuring and transaction expertise to achieve our initial business combination. In addition, we believe Peridot will benefit from management’s and Carnelian’s collective relationship network, as well as longstanding relationships with a wide range of multi-disciplinary advisory firms.