Rivian Raises $1.2 Billion in Equity Offering Amid Production Expansion
Rivian Automotive (NASDAQ: RIVN) raised $1.2 billion through an equity offering, which led to a stock price decline of over 3.5%. The funds will support the company's new Georgia factory and increase EV production capacity by about 50%.
Tickers: $RIVN
Topics: capital raising delivery guidance electric vehicles Rivian