Lithium Argentina Closes $180M Ganfeng Convertible Note at $12.50 Conversion Price
LAR sits 67% above its 52-week low of $3.24.
Summary
Lithium Argentina closed its $180M convertible note from Ganfeng, finalizing terms: 4.0% coupon, six-year maturity, $12.50 conversion price, and proceeds earmarked to repay the $259M notes due January 2027.
Key Events · Financing and Capital Events · LAR
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$180M Convertible Note Closed
Ganfeng's $180M strategic investment closed September 15, 2026 via a six-year unsecured convertible note with a 4.0% coupon.
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Conversion at $12.50 Per Share
The note converts at US$12.50 per share — 14.4M shares on full conversion, raising Ganfeng's fully diluted ownership to approximately 16.1% from 9.6%.
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Proceeds Repay $259M Notes Due January 2027
Net proceeds plus cash on hand will repay in full the $259M convertible notes due January 2027, eliminating a near-term maturity.
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PPG Joint Venture on Track
The Pozuelos-Pastos Grandes joint venture with Ganfeng remains on track to close by end of September 2026.
Analysis · LAR · Energy & Transportation
The $180 million strategic investment from Ganfeng closed on September 15, 2026, finalizing terms first announced August 24. The six-year unsecured note carries a 4.0% coupon and converts at US$12.50 per share — a substantial premium to the current $5.41 share price, meaning conversion is unlikely near-term but the 14.4 million shares represent meaningful potential dilution if the stock appreciates. Proceeds plus cash on hand will retire the $259 million convertible notes due January 2027, removing a near-term maturity overhang. Ganfeng's fully diluted stake would rise to 16.1% from 9.6% on full conversion, deepening the strategic partnership as the PPG joint venture nears its expected end-of-September close.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LAR was trading at $5.41 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $873.2M. The 52-week trading range was $3.24 to $12.05. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.