๐ RIVN tanks ~13% premarket โ Rivian hits holders with surprise $1.5B share sale
Rivian $RIVN is getting crushed this morning after announcing a 75-million-share secondary offering to raise ~$1.5B, diluting existing shareholders by roughly 6%. The money goes toward ramping R2 production and repaying its DOE loan โ necessary moves, but the timing stings after shares ran +19% last week alone. Premarket is pricing in major pain. Not financial advice. Buy the dilution dip ahead of the R2 launch, or is this a warning sign about Rivian's cash burn?
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