---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-167944"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:19:14.342397+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Rivian to receive up to $5B from Volkswagen Group; $1B convertible note issued

## Summary
- Issued $1B convertible promissory note at 4.75% to Volkswagen subsidiary; converts automatically to Rivian stock upon conditions.
- Partnership aims to form equally controlled JV for next-gen electrical architecture and software by Q4 2024.
- Additional $4B contingent on definitive agreements, milestones, and regulatory approvals: $2B equity in 2025/2026, $2B JV-related.
- Conversion prices: half at $10.8359/share (30-day VWAP), half at 45-day VWAP prior to conversion date.
- Note matures 2 years after closing; prepayment options if conversion conditions not met within one year.

## SEC filing metadata
- accession: 0001193125-24-167944
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874178/000119312524167944/0001193125-24-167944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000119312524167944/d833726d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-167944
- JSON: https://secwatch.observer/filing/0001193125-24-167944.json
- Plain text: https://secwatch.observer/filing/0001193125-24-167944.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.