Rivian Automotive, Inc. (RIVN)

Rivian filed for a public offering of 75 million shares of common stock. It plans to use the proceeds to pay off a government loan.

U.S. stock futures mixed, Nasdaq 100 falls 200 pts. Rivian (RIVN) drops after public offering announcement. Other stocks also down in pre-market.

Rivian Automotive Inc. (RIVN) shares declined on Tuesday following the announcement of a 75 million-share public offering of Class A common stock.

The Rivian stock price may be stuck in a holding pattern until production ramps up.

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US stock futures trade lower, investors focus on PENG, RXST, SAR earnings, RIVN's public offering, and EPAC's expected earnings. Check premarket coverage.

Rivian Automotive (NASDAQ:RIVN) shares are tumbling in extended trading Monday after the company announced a public offering.

Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced that it has commenced an underwritten public offering of 75,000,000 shares of its common stock. In connection with the offering, Rivian expects to grant the underwriters a 30-day option to purchase up to an additional 11,250,000 shares of its common stock, at the public offering price, less underwriting discounts and commissions. All of the shares to be sold in the offering are to be sold by Rivian. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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