Lithium Americas stock plummets on discounted share offering

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Lithium Americas stock plummets on discounted share offering
Myles UdlandClosing PriceLAC
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Lithium Americas' stock (LAC) plummeted after the company announced it was offering new shares at a discount. The shares were priced at $5, which was nearly ...

) plummeted after the company announced it was offering new shares at a discount. The shares were priced at $5, which was nearly 25% lower than Wednesday's closing price .An FAQ on the Truth Social owner’s website gave stockholders multiple ways to avoid their shares being lent to short sellers.Some Truth Social users bemoaned the crash, looking for someone to blame as the shares continued to tank this week.

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