Gatos Silver, Inc.: M&A transaction — Gatos Silver completes merger with First Majestic; stockholders receive 2.55 FM shares per share

Gatos Silver, Inc.

Merger completed Jan 16, 2025; each Gatos share converted into 2.55 First Majestic shares.
Gatos Silver becomes wholly-owned subsidiary of First Majestic; board and officers replaced.
Gatos Silver common stock delisted from NYSE; will also be delisted from TSX; intends to deregister with SEC.
Second Amended and Restated Revolving Credit Facility with BMO terminated upon merger.
Outstanding options, DSUs, RSUs converted into equivalent First Majestic awards based on exchange ratio.

item 1.02 item 2.01 item 5.01 item 3.01 item 3.03 item 5.03 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.7

Gatos Silver, Inc.: Certificate of incorporation amended and restated in connection with merger.

Change: bylaw amendment

Exact text from the filing

the certificate of incorporation of Gatos Silver was amended and restated as set forth in Exhibit 3.1 to this Current Report on Form 8-K. Additionally, the by-laws of Gatos Silver were amended and restated as set forth in Exhibit 3.2 to this Current Report on Form 8-K.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Gatos Silver, Inc. underwent a change of control involving First Majestic Silver Corp. (closed 2025-01-16).

Action: change of control
Counterparty: First Majestic Silver Corp.
Closing: 2025-01-16

Exact text from the filing

On January 16, 2025, Gatos Silver, Inc., a Delaware corporation (“Gatos Silver” or the “Company”), completed the previously announced merger (the “Merger”) with Ocelot Transaction Corporation, a British Columbia company (“Merger Sub”) and a wholly-owned subsidiary of First Majestic Silver Corp., a British Columbia company (“First Majestic”), whereby Merger Sub merged with and into the Company, with the Company continuing as the surviving entity and a wholly-owned subsidiary of First Majestic.

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Source: SEC EDGAR

accession 0001193125-25-007425

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