Rivian receives $300M from SMB, issues 19.55M shares at $15.34

Rivian Automotive, Inc. / DE

On May 4, 2026, Rivian issued 19,553,911 Class A shares to SMB for $300M at $15.3422 per share.
Issuance followed achievement of Milestone #1 under March 18, 2026 Subscription Agreement with SMB and Uber.
Shares sold in private placement exempt from registration under Section 4(a)(2) of the Securities Act.
Proceeds strengthen Rivian's balance sheet; no public offering or registration statement involved.

item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Rivian Automotive, Inc. / DE issued 19,553,911 shares of common stock to SMB Holding Corporation for $300 million.

Security: common stock
Shares: 19,553,911 shares
Purchaser: SMB Holding Corporation
Consideration: $300 million

Exact text from the filing

upon receipt of $300 million from SMB, the Company issued 19,553,911 shares of its Class A common stock to SMB at a purchase price per share of $15.3422.

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Rivian Automotive, Inc. / DE filing history →

Source: SEC EDGAR

accession 0001874178-26-000039

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