Nov. 14 at 12:52 AM
$LAC
Lithium Americas just announced a new
$250M ATM (at-the-market) offering, but this does NOT mean any shares have been sold yet. It simply gives them the option to issue shares in the future if they need to raise cash.
So there is no dilution right now — only the potential for dilution later if they decide to use it.
This new
$250M program may be replacing or renewing their older
$100M ATM that expired or was mostly used, but the filing doesn’t say for sure.
Bottom line:
Nothing has been diluted today — LAC just opened the door to raise money if needed.
