secwatch.observer — SEC 8-K summary
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Issuer:     LITHIUM AMERICAS CORP. (LAC)
CIK:        0001966983
Form:       8-K
Filed at:   2026-08-06T10:51:14+00:00
Accession:  0001193125-26-336637
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lithium Americas secures up to $175M in convertible debentures to fund Thacker Pass
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- Initial $150M subordinated convertible debenture issuance; option for additional $25M at Company's discretion.
- 5-year maturity, 5% annual interest (step-up to 7.5% in first 2 years, 15% after 2 years upon certain events).
- Conversion price is lower of fixed price (≥140% of prior close or $3.79) or 95% of 5-day VWAP, subject to floor price.
- Proceeds for general corporate purposes including Thacker Pass; ATM equity program suspended for 30 days.
- Thacker Pass targets late 2027 mechanical completion; backed by $2.23B DOE loan and GM/Orion investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1966983/000119312526336637/0001193125-26-336637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1966983/000119312526336637/d60367d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-336637

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