---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-142916"
form_type: "8-K"
ticker: "AA"
cik: "0001675149"
company_name: "Alcoa Corp"
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T12:54:18.143946+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alcoa amends Alumina acquisition deal; CITIC to get ~1.5% stake as non-voting preferred

## Summary
- Amendment allows CITIC affiliate (~18.9% holder of Alumina) to receive non-voting convertible preferred stock instead of CDIs to comply with Bank Holding Company Act.
- The non-voting preferred shares represent about 1.5% of pro forma Alcoa common stock; economic rights equivalent to CDIs.
- Alcoa and Allan Gray mutually terminated Conditional Share Sale Agreement; Allan Gray reaffirms support for the scheme.
- Transaction remains on track to close in Q3 2024, subject to shareholder and regulatory approvals (FIRB, Brazil antitrust).

## SEC filing metadata
- accession: 0001193125-24-142916
- form_type: 8-K
- ticker: AA
- cik: 0001675149
- company_name: Alcoa Corp
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675149/000119312524142916/0001193125-24-142916-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675149/000119312524142916/d810383d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-142916
- JSON: https://secwatch.observer/filing/0001193125-24-142916.json
- Plain text: https://secwatch.observer/filing/0001193125-24-142916.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.