Rivian Automotive, Inc. / DE

Rivian Automotive, Inc. has entered into an underwriting agreement to offer and sell 75,000,000 shares of its Class A common stock at $15.50 per share. The underwriters fully exercised their option to purchase an additional 11,250,000 shares, bringing the total to 86,250,000 shares. The company expects to receive approximately $1.32 billion in net proceeds from this offering, which will be allocated to general corporate purposes, including funding equity contributions for a loan arrangement with the United States Department of Energy.

Rivian Automotive, Inc. provided preliminary and unaudited estimates for the second quarter of 2026, projecting total consolidated revenues between $1.55 billion and $1.65 billion. This represents an increase from the $1.30 billion reported in Q2 2025, primarily due to higher vehicle deliveries, though partially offset by lower average selling prices. The company also estimated its cash, cash equivalents, and short-term investments at $5.3 billion as of June 30, 2026, up from $4.8 billion at the end of Q1 2026.

Rivian announced its Q2 2026 production and delivery figures, reporting 12,613 vehicles produced and 12,194 vehicles delivered. These delivery results surpassed the company's previous outlook of 9,000 to 11,000 vehicles for the quarter. Consequently, Rivian has raised its full-year 2026 delivery guidance from 62,000-67,000 to 65,000-70,000 vehicles. The company also scheduled its Q2 2026 financial results release for July 30, 2026, after market close.

Rivian Automotive, Inc. announced that it issued 19,553,911 shares of its Class A common stock to SMB Holding Corporation for $300 million. This investment, at a purchase price of $15.3422 per share, was a condition precedent following Rivian's achievement of Milestone #1 as defined in a Subscription Agreement dated March 18, 2026. The shares were issued on May 4, 2026, pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933.

Rivian Automotive, Inc. announced significant strategic developments, including receiving a $1 billion investment from Volkswagen Group related to their joint venture, with an additional $460 million expected. The company also entered a partnership with Uber Technologies, Inc., expecting an initial $300 million investment and up to $950 million more for autonomous vehicle development. Rivian reported a Q1 2026 net loss of $(416) million, an improvement from $(545) million in Q1 2025, on total revenues of $1,381 million. Additionally, Rivian deconsolidated Mind Robotics, Inc., recognizing a $506 million gain.

Rivian Automotive, Inc. and its subsidiary Rivian New Horizon, LLC entered into an Amended and Restated Loan Arrangement and Reimbursement and Sponsor Support Agreement with the U.S. Department of Energy. This agreement provides up to approximately $4.006 billion in principal and $493.6 million in capitalized interest, totaling around $4.5 billion. The funds are designated to support the development of the first phase of a 300,000-unit annual production capacity electric vehicle manufacturing facility in Stanton Springs North, Georgia.

Rivian Automotive, Inc. reported Q1 2026 financial results, with consolidated revenue up 11% year-over-year to $1.38 billion and a net loss of $(416) million. The company secured a $1 billion equity investment from Volkswagen Group following successful testing milestones. Rivian also announced a partnership with Uber for robotaxi deployment, including a potential $1.25 billion investment from Uber by 2031. Operationally, Rivian started production of saleable R2 vehicles and increased the initial production capacity of its Georgia plant to 300,000 units annually.

Rivian Automotive, Inc. announced its Annual Meeting of Stockholders will be held virtually on June 22, 2026, with a record date of April 23, 2026. Stockholders will vote on the election of Karen Boone and Aidan Gomez as Class II Directors, the ratification of KPMG LLP as the independent auditor for fiscal year 2026, and an advisory vote on 2025 executive compensation. KPMG's total fees for 2025 were $9,040,000, down from $10,670,000 in 2024.