Rivian's $4.5 billion DoE loan and capital raising strategy

RIVN Rivian Automotive Inc

$12.06 -3.21%

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LCID +7.79%

1. 1Rivian's $4.5 billion DoE loan could indirectly dilute shareholder value.
2. 2Rivian issued more than 86 million new shares in July.
3. 3The approximately $1.3 billion raised through Rivian's capital raising in July is intended to meet DoE loan conditions.

Source The Motley Fool +1 · View original ↗

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