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Rivian Plans to Issue 75 Million Shares for Equity Contribution Related to U.S. Department of Energy Loan
22 hour ago /
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Author：小编
Electric vehicle maker Rivian Automotive plans to sell 75 million shares to raise approximately $1.5 billion in funds to fulfill its equity contribution obligations related to a loan from the U.S. Department of Energy. According to documents filed by Rivian with the U.S. Securities and Exchange Commission, Goldman Sachs will lead the share sale. Previously, Rivian secured a $4.5 billion loan after renegotiating with the U.S. Department of Energy, with withdrawals expected to begin in early 2027. Rivian's stock price fell 7.4% in after-hours trading in New York on Monday, closing at $18.65 per share. The stock has gained 2.2% year-to-date, with a market capitalization of approximately $25.4 billion.
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