Rivian Automotive announced a $1.32 billion net equity offering of 75,000,000 Class A shares, with the underwriters fully exercising a 30‑day 11,250,000‑share option.
Key Highlights:
- Offered 75,000,000 Class A shares at $15.50 per share; underwriters had a 30‑day option for 11,250,000 shares.
- Underwriters exercised the option in full on July 8, 2026, increasing total shares sold to 86,250,000.
- Estimated net proceeds approximately $1.32 billion after underwriting discounts, to fund general corporate purposes.
- Proceeds expected to support equity contributions tied to a DOE‑arranged Federal Financing Bank term loan facility for a subsidiary.
Original SEC Filing:
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