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.

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