Rivian Announces $1.16 Billion Stock Offering Amid Share Price Drop
Rivian Automotive priced a stock offering of 75 million shares at $15.50 each, raising concerns over dilution and leading to lower premarket trading for RIVN. The company expects gross proceeds of about $1.16 billion before expenses.
Tickers: $RIVN
Topics: cash raising dilution concerns Rivian stock price decline