other material
confidence high
sentiment neutral
materiality 0.75
Rivian prices 75M share offering at $15.50/share, net proceeds ~$1.32B
Rivian Automotive, Inc. / DE
- Sold 75M shares of Class A common stock at $15.50 per share; underwriters exercised option for additional 11.25M shares.
- Net proceeds estimated at $1.32 billion after underwriting discounts and expenses.
- Proceeds to be used for general corporate purposes and to fund equity contributions under DOE loan arrangement.
- Offering made under shelf registration statement filed April 30, 2026.