Rivian Automotive, Inc. Announces Commencement of Underwritten Public Offering of Common Stock
Rivian has commenced an underwritten public offering of 75 million shares of common stock, with underwriters granted a 30-day option to purchase an additional 11.25 million shares. The company plans to use net proceeds for general corporate purposes and to fund equity contributions related to its loan agreement with the U.S. Department of Energy. Goldman Sachs, Allen & Company, Barclays, J.P.
Key figures
- Shares Offered
- 75000000
- Overallotment shares
- 11250000
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