---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-007425"
form_type: "8-K"
ticker: null
cik: "0001517006"
company_name: "Gatos Silver, Inc."
filed_at: "2025-01-16T23:59:59+00:00"
generated_at: "2026-05-27T23:57:54.208398+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Gatos Silver completes merger with First Majestic; stockholders receive 2.55 FM shares per share

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-007425
- form_type: 8-K
- cik: 0001517006
- company_name: Gatos Silver, Inc.
- filed_at: 2025-01-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.02, 2.01, 5.01, 3.01, 3.03, 5.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517006/000119312525007425/0001193125-25-007425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517006/000119312525007425/d871159d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-007425
- JSON: https://secwatch.observer/filing/0001193125-25-007425.json
- Plain text: https://secwatch.observer/filing/0001193125-25-007425.txt

## Key facts
- Governance Changes
  Gatos Silver, Inc.: Certificate of incorporation amended and restated in connection with merger.
  - Change: bylaw amendment
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517006/000119312525007425/0001193125-25-007425-index.htm
- M&A Transactions
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517006/000119312525007425/0001193125-25-007425-index.htm

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