BUZZ-Lithium Americas slides on deep-discounted $275 mln equity offering

Reuters04-18

** 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))

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