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Get filing alertsRivian raises $300M from SMB, issuing 19.6M shares at $15.34 after hitting milestone
Filed May 4, 2026 · Period ending May 4, 2026 · ~1 min read
Key Changes
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Rivian issued 19.6 million Class A shares to SMB Holding at $15.34/share for $300 million in cash after achieving an undisclosed Milestone #1 under their March 2026 agreement with SMB and Uber.
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The share price was set by averaging Rivian's volume-weighted average price over 30 trading days ending March 17, 2026, providing SMB with shares at a predetermined formula price rather than a discount.
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The issuance represents roughly 1.5-2% dilution to existing shareholders but provides significant capital to fund operations and growth initiatives.
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1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 27, 2026 · How we verify