secwatch.observer — SEC 8-K summary
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Issuer:     LITHIUM AMERICAS CORP. (LAC)
CIK:        0001966983
Form:       8-K
Filed at:   2026-08-13T20:06:37+00:00
Accession:  0001193125-26-349161
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1966983/000119312526349161/0001193125-26-349161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1966983/000119312526349161/d131555d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-349161

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