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Rivian (RIVN) crashes after announcing plans to raise over a billion in cash

By electrek.co 03/07/2023 - 20:20 12/05/2023 Electrek

Rivian ($RIVN) plans to raise $1.3 billion in cash by selling green convertible notes, despite indicating it had sufficient cash in last week’s earnings. Investors are not pleased with the move with Rivian stock slipping over 10% following Tuesday’s announcement.. More…