Convertible debt and loans payable (Tables) - Li Cycle Holdings Corp [member]

12 Months Ended

Oct. 31, 2021


	October 31, 2021			October 31, 2020			October 31, 2019
	$			$			$
Proceeds of issue of convertible debt		100,000,000			386,190			386,190
Transaction costs		(1,599,737	)		—			—

Net Proceeds from issue of convertible debt		98,400,263			386,190			386,190

Conversion feature at date of issue		27,681,043			96,548			96,548
Fair value (gain) loss on embedded derivative		1,347,895			—			—
Conversion into common shares		—			(96,548	)		—

Conversion feature at end of period		29,028,938			—			96,548

Debt component at date of issue (net of transaction costs)		70,719,220			289,642			289,642
Prior year interest plus accretion		—			99,549			39,212
Amortization of transaction costs		26,662			—			—
Accrued interest at 7% (2020 – 8%)		641,667			4,956			30,114
Accretion expense during the year		461,351			4,975			30,223
Conversion into common shares		—			(395,861	)		—
Foreign exchange on translation		—			(3,261	)		(4,984	)

Debt component at end of period		71,848,900			—			384,207

The embedded derivatives were valued using the Barrier option pricing model. The assumptions used in the model were as follows:


	September 29, 2021 (issuance date)	October 31, 2021
Risk free interest rate	1.06%	1.23%
Expected life of options	5 years	4.92 years
Expected dividend yield	0.0%	0.0%
Expected stock price volatility	66%	62%
Share Price	12.56	12.94