Rivian is selling 75 million shares to raise about $1.5 billion, diluting holders ~6% but funding its DOE loan and R2 production ramp.
Rivian has commenced an underwritten public offering of 75 million shares of common stock, a raise worth roughly $1.5 billion based on the stock’s recent price.
The capital raise lands just days after Rivian’s stock rallied on stronger-than-expected ... [3731 chars]