Rivian prices 75M-share offering at $15.50, raising $1.14B net ($1.32B with overallotment)

Filed July 8, 2026 · ~2 min read

Key Changes

• high

  Rivian prices 75 million shares at $15.50 per share, a 23% discount to the July 6 closing price of $20.14. Net proceeds are $1.14 billion ($1.32 billion if the 11.25-million-share overallotment is exercised). All shares are primary; all proceeds go to the company.

  The Offering verify on EDGAR →
• high

  Proceeds fund general corporate purposes, including equity contributions required under the DOE loan facility agreement. Management has broad discretion over allocation.

  Use of Proceeds verify on EDGAR →
• high

  New investors pay $15.50 per share for stock with $3.82 adjusted net tangible book value after the offering, resulting in immediate dilution of $11.68 per share (75% of the offer price).

  Dilution verify on EDGAR →