Rivian Sale of $75 Million Shares of Class A Common Stock to Gain $1.5 billion

July 7, 2026

Rivian stock plummeted roughly 15% to $17 after the EV maker announced an surprise sale of 75 million shares of Class A common stock to raise approximately $1.5 billion. Proceeds will primarily fund equity contributions tied to a U.S. Department of Energy loan for the Georgia plant buildout. The sudden stock sale sent the shares on track for their worst one-day percentage drop in nearly two years.

Key details of the capital raise include:

Share Offering: 75 million Class A shares are being offered, with underwriters holding an option for an additional 11.25 million shares. Financial Dilution: The main offering will dilute existing shareholders.

Earnings Update: Alongside the offering, Rivian pre-announced its Q2 revenue will likely fall between $1.55 billion and $1.65 billion, exceeding Wall Street consensus estimates on higher vehicle deliveries.

https://www.cnbc.com/2026/07/07/rivian-stock-rivn-capital-raise.html