Rivian is selling a big chunk of its company to VW at super low prices. $10.8359 to be exact, or about 1/8 of the company's IPO price almost 3 years ago. Now that the details have emerged of the deal, it doesn't look as strong for Rivian. Clearly they are being forced to dilute heavily to get enough cash for survival. Initially shares soared on this news, but with this out it'll be interesting to see the trading tomorrow. Overall I think its still good Rivian has $1B more in cash and a new partner, but the dilution will be material and more than expected.
Rivian 8-K SEC Filing announcing VW partnership and $1B investment: www.sec.gov/ix?doc=/Archives/...
My initial video reacting to this news: • Rivian stock soaring! ...
My X: / gfilche
HyperChange Patreon :) / hyperchange
Disclaimer: I'm not a financial advisor, and own no Rivian stock. This show isn't financial advice.
Негізгі бет Ойын-сауық Dirty Details of the Rivian + VW $1B Investment leaked in 8-K filing 🔎
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