The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.

Rivian stock is soaring this year and is up by nearly 50% from its lowest point this year, with analysts predicting more upside ahead.

Rivian Automotive shares are in focus Monday after the company reported second-quarter production and delivery figures Thursday.

17:23 EDT Rivian (RIVN) down 8% at $18.60 after announcing 75M share equity offering4th of July Sale - 70% Off Unlock powerful investing tools ...

Goldman Sachs & Co. LLC, Allen & Company LLC, Barclays, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities acted as joint book runn...

Rivian Automotive, Inc. Announces Commencement of Underwritten Public Offering of Common Stock

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

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

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

The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.

Rivian is selling 75 million shares to raise about $1.5 billion, diluting holders ~6% but funding its DOE loan and R2 production ramp.

Rivian Automotive, Inc. Announces Pricing of Underwritten Public Offering of Common StockRivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced the pricing of its…