Close

Lithium Americas Corp (LAC) Announces Proposed 55M Share Offering

April 17, 2024 5:08 PM EDT

Lithium Americas Corp. (NYSE: LAC) announced that it intends to offer and sell, subject to market conditions, 55,000,000 of its common shares in an underwritten public offering. All of the Common Shares to be sold in the Offering will be offered by Lithium Americas. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Lithium Americas also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the Common Shares.

Evercore ISI, Goldman Sachs & Co. LLC and BMO Capital Markets (together, the “Lead Underwriters”) will lead a syndicate of underwriters and are acting as the co-lead book-running managers for the proposed Offering.

The Offering will be made in the United States by way of a prospectus supplement (the “U.S. Prospectus Supplement”) to the Company’s existing base shelf prospectus (the “U.S. Base Shelf Prospectus”) forming part of an effective registration statement on Form F-3 (File No. 333-274883) (the “Registration Statement”), and will be made in Canada by way of a prospectus supplement (the “Canadian Prospectus Supplement”, together with the U.S. Prospectus Supplement, the “Prospectus Supplements”) to the Company’s existing base shelf prospectus (the “Canadian Base Shelf Prospectus”, together with the U.S. Base Shelf Prospectus, the “Base Shelf Prospectuses”). The Offering is being made in the United States and in each of the provinces and territories of Canada, except Québec. The Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement contain important information about the Company and the proposed Offering. Prospective investors should read the Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement and the other documents the Company has filed before making an investment decision. The preliminary Canadian Prospectus Supplement (together with the related Canadian Base Shelf Prospectus) is available on SEDAR+ at www.sedarplus.ca. The preliminary U.S. Prospectus Supplement (together with the Registration Statement) is available on the U.S. Securities and Exchange Commission’s website at www.sec.gov. Alternatively, the final U.S. Prospectus Supplement (together with the Registration Statement) may be obtained, when available, upon request by contacting Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055 by telephone at (888) 474-0200 or by email at [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282 by telephone at (866) 471-2526 or by email at [email protected]; or BMO Nesbitt Burns Inc., Attention: Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario L6S 6H2, by telephone at 905-791-3151 EXT 4312 or by email at [email protected].

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, territory, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, territory, state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Prospectus Supplements, the Base Shelf Prospectuses or the Registration Statement.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Equity Offerings

Related Entities

Goldman Sachs, BMO Capital