Lithium Americas Corp. filed a registration statement with the U.S. Securities and Exchange Commission. The filing covers an offering of up to 72,553,609 common shares by selling stockholders.
The company utilized an automatic shelf registration to allow for flexible timing of the sales. Selling securityholders may offer and sell these shares periodically.
This offering could significantly increase the company's public float. The new supply of shares may impact trading dynamics and market price as investors absorb the volume.