** U.S.-listed shares of Lithium Americas down 20.2% premarket to $5.29, over 1-mth low, as co raises equity at steep discount
** Canadian-based firm early Thurs sold 55 mln shares at $5, 24.6% discount to stock's last sale, for $275 mln raise
** Co to use net proceeds to advance construction/development of Thacker Pass lithium project in Nevada
** With ~162 mln shares outstanding, co had ~$1.1 bln market cap through Weds
** U.S-listed LAC shares had rallied from 2024 low of $3.81 hit in early Feb
** Evercore, Goldman Sachs and BMO are jt lead bookrunners for equity offering
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
Comments