---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-349161"
form_type: "8-K"
ticker: "LAC"
cik: "0001966983"
company_name: "LITHIUM AMERICAS CORP."
filed_at: "2026-08-13T20:06:37+00:00"
generated_at: "2026-08-13T20:09:37.710833+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lithium Americas closes $150M convertible debenture placement with YA II PN

## Summary
- Closed initial $150M subordinated convertible debenture sale to YA II PN; $25M more possible via delayed closings.
- 5-year maturity, 5% coupon (steps to 7.5% and 15% on trigger events); conversion at lower of $4.56 or 95% of 5-day VWAP, floor $1.63.
- Proceeds for general corporate purposes; cash principal repayments capped at $35M while Orion notes outstanding.
- Optional redemption after 181 days at 110% of principal; change-of-control repurchase at 110% plus accrued interest.
- Registration rights agreement requires resale registration statement within 3 business days after Q2 10-Q filing.

## SEC filing metadata
- accession: 0001193125-26-349161
- form_type: 8-K
- ticker: LAC
- cik: 0001966983
- company_name: LITHIUM AMERICAS CORP.
- filed_at: 2026-08-13T20:06:37+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1966983/000119312526349161/0001193125-26-349161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966983/000119312526349161/d131555d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-349161
- JSON: https://secwatch.observer/filing/0001193125-26-349161.json
- Plain text: https://secwatch.observer/filing/0001193125-26-349161.txt

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