Rivian Automotive, Inc. entered into an underwriting agreement with Goldman Sachs & Co. LLC to issue and sell 75,000,000 shares of Class A common stock at $15.50 per share, with underwriters exercising their option to purchase an additional 11,250,000 shares. The company expects to receive approximately $1.32 billion in net proceeds to be used for general corporate purposes, including funding equity contributions for a loan facility with the United States Department of Energy. Rivian Automotive, Inc. is an electric vehicle manufacturer.
