GM Holdings Reports Reduced Stake Below 5% Due to Dilution, Details DOE Warrant Agreement

summarizeSummary

General Motors Holdings LLC and General Motors Company now beneficially own less than 5% of Lithium Americas Corp. due to dilution from recent share issuances, and have entered into a new Put, Call and Exchange Agreement with the U.S. Department of Energy regarding warrants.

check_boxKey Events

• GM Holdings' Stake Falls Below 5%

  General Motors Holdings LLC and General Motors Company now beneficially own 4.94% of Lithium Americas Corp.'s common shares, down from over 5%, solely due to dilution from the Issuer's recent share issuances.

• New Put, Call and Exchange Agreement with DOE

  A Put, Call and Exchange Agreement was entered into on January 30, 2026, between Lithium Nevada Ventures LLC, Lithium Americas Corp., GM Holdings, and the U.S. Department of Energy (DOE). This agreement defines the terms under which the DOE's warrants in LNV can be sold to GM Holdings or exchanged for Lithium Americas Corp. common shares.

• Clarifies DOE Financing Terms

  This agreement provides specific details on the mechanics of the warrants issued as part of the significant financing arrangement with the U.S. Department of Energy, which was previously disclosed on February 3, 2026.

auto_awesomeAnalysis

This Schedule 13D/A provides crucial updates following the company's recent financing arrangement with the U.S. Department of Energy (DOE). General Motors Holdings LLC and General Motors Company's beneficial ownership has fallen below the 5% threshold, not due to sales, but as a result of dilution from Lithium Americas Corp.'s issuance of additional common shares. More significantly, the filing details a new Put, Call and Exchange Agreement between GM Holdings, Lithium Nevada Ventures LLC, and the DOE. This agreement outlines the mechanisms for the DOE to either sell its warrants in LNV to GM Holdings or exchange them for Lithium Americas Corp. common shares, and similarly, for GM Holdings to call these warrants. This clarifies the potential future impact of the DOE's investment on the company's share structure and provides insight into the long-term strategic involvement of GM and the DOE in the Thacker Pass project.