Quartz·1 min read·medium
Rivian stock sinks as company launches $1.5 billion share sale
✦AI Summary
Electric vehicle manufacturer Rivian is issuing 75 million new shares to raise $1.5 billion. The capital is intended to fund equity contributions required for a Department of Energy loan.
The EV maker is selling 75 million new shares to fund equity contributions tied to a Department of Energy loan
businesstechnology
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