Rivian Completes $1.32 Billion Share Sale to Fund DOE Financing Agreement
Rivian (NASDAQ: RIVN) raised approximately $1.32 billion through the sale of 86.25 million Class A shares priced at $15.50 each, with Goldman Sachs acting as lead underwriter. The funds will support corporate purposes and equity contributions for a financing agreement with the U.S. Department of Energy (DOE), which includes a multi-draw term loan to aid Rivian's manufacturing expansion.
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