{"filing":{"accession_number":"0001193125-26-336637","cik":"0001966983","ticker":"LAC","company_name":"LITHIUM AMERICAS CORP.","form":"8-K","filing_date":"2026-08-06","report_date":"2026-08-05","primary_document":"d60367d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1966983/000119312526336637/d60367d8k.htm"},"events":[{"id":25523,"run_id":23166,"accession_number":"0001193125-26-336637","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Lithium Americas entered into a Securities Purchase Agreement with Yorkville Advisors (YA II PN, Ltd.) to issue up to $175 million in subordinated convertible debentures, with an initial $150 million closing upon filing its Q2 10-Q and an option for an additional $25 million. The debentures have a 5-year maturity, 5% base interest rate, and conversion features, with proceeds designated for general corporate purposes including capital expenditures and debt repayment to support the Thacker Pass project.","company_name":"LITHIUM AMERICAS CORP.","ticker":"LAC","filing_date":"2026-08-06","form":"8-K","submitted_at":null,"items":[{"id":26372,"accession_number":"0001193125-26-336637","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Lithium Americas entered into a Securities Purchase Agreement to issue up to $175 million in subordinated convertible debentures, with an initial $150 million closing. This is a creation of a new direct financial obligation—a debt instrument with specified terms (5-year maturity, 5% base interest rate, conversion features). The filing explicitly discloses the key terms of the debentures, the investor (YA II PN, Ltd.), and the use of proceeds for general corporate purposes including capital expenditures and debt repayment. This is a material financing event for a company in active development of a major project (Thacker Pass).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T02:51:37.815944+00:00","company_name":"","ticker":null,"filing_date":""},{"id":26373,"accession_number":"0001193125-26-336637","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Lithium Americas entered into a securities purchase agreement with Yorkville Advisors to issue up to $175 million in subordinated convertible debentures. The filing explicitly states this creates \"a Direct Financial Obligation\" under Item 2.03, and the news release confirms the Company has agreed to issue $150 million upon filing its 10-Q, with an option for an additional $25 million. This is a material debt issuance that strengthens the company's liquidity for Thacker Pass construction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T02:51:37.815944+00:00","company_name":"","ticker":null,"filing_date":""},{"id":26374,"accession_number":"0001193125-26-336637","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Lithium Americas entered into a securities purchase agreement with Yorkville Advisors for up to $175 million in subordinated convertible debentures, with the offer and sale made in reliance on Section 4(a)(2) of the Securities Act (private placement exemption). The debentures are convertible into common shares, creating dilution to existing shareholders. This is a classic unregistered equity issuance disclosed under Item 3.02, representing a material capital raise during peak construction of the Thacker Pass project.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T02:51:37.815944+00:00","company_name":"","ticker":null,"filing_date":""},{"id":26375,"accession_number":"0001193125-26-336637","item_number":"8.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Lithium Americas entered into a securities purchase agreement with Yorkville Advisors for up to $175 million in subordinated convertible debentures. The filing explicitly states the Company \"has entered into a securities purchase agreement\" for \"subordinated convertible debentures,\" with $150 million due upon filing the Q2 10-Q and an optional additional $25 million. This is a material creation of a new direct financial obligation, fitting the debt_issuance category. The financing is material to investors as it strengthens the company's liquidity position during peak construction of the Thacker Pass project.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T02:51:37.815944+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":26372,"accession_number":"0001193125-26-336637","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Lithium Americas entered into a Securities Purchase Agreement to issue up to $175 million in subordinated convertible debentures, with an initial $150 million closing. This is a creation of a new direct financial obligation—a debt instrument with specified terms (5-year maturity, 5% base interest rate, conversion features). The filing explicitly discloses the key terms of the debentures, the investor (YA II PN, Ltd.), and the use of proceeds for general corporate purposes including capital expenditures and debt repayment. This is a material financing event for a company in active development of a major project (Thacker Pass).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T02:51:37.815944+00:00","company_name":"LITHIUM AMERICAS CORP.","ticker":"LAC","filing_date":"2026-08-06"},{"id":26373,"accession_number":"0001193125-26-336637","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Lithium Americas entered into a securities purchase agreement with Yorkville Advisors to issue up to $175 million in subordinated convertible debentures. The filing explicitly states this creates \"a Direct Financial Obligation\" under Item 2.03, and the news release confirms the Company has agreed to issue $150 million upon filing its 10-Q, with an option for an additional $25 million. This is a material debt issuance that strengthens the company's liquidity for Thacker Pass construction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T02:51:37.815944+00:00","company_name":"LITHIUM AMERICAS CORP.","ticker":"LAC","filing_date":"2026-08-06"},{"id":26374,"accession_number":"0001193125-26-336637","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Lithium Americas entered into a securities purchase agreement with Yorkville Advisors for up to $175 million in subordinated convertible debentures, with the offer and sale made in reliance on Section 4(a)(2) of the Securities Act (private placement exemption). The debentures are convertible into common shares, creating dilution to existing shareholders. This is a classic unregistered equity issuance disclosed under Item 3.02, representing a material capital raise during peak construction of the Thacker Pass project.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T02:51:37.815944+00:00","company_name":"LITHIUM AMERICAS CORP.","ticker":"LAC","filing_date":"2026-08-06"},{"id":26375,"accession_number":"0001193125-26-336637","item_number":"8.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Lithium Americas entered into a securities purchase agreement with Yorkville Advisors for up to $175 million in subordinated convertible debentures. The filing explicitly states the Company \"has entered into a securities purchase agreement\" for \"subordinated convertible debentures,\" with $150 million due upon filing the Q2 10-Q and an optional additional $25 million. This is a material creation of a new direct financial obligation, fitting the debt_issuance category. The financing is material to investors as it strengthens the company's liquidity position during peak construction of the Thacker Pass project.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T02:51:37.815944+00:00","company_name":"LITHIUM AMERICAS CORP.","ticker":"LAC","filing_date":"2026-08-06"}]}