05
Oct
17:49
Rivian’s shares fall amid $1.5 billion convertible note plan
US EV start-up Rivian Automotive announced plans to offer $1.5 billion in green convertible senior notes, sending its shares into a nosedive on Thursday, Kallanish reports.
Shares were down 19.8% as of 12 p.m. ET on 5 October. Investors seemed spooked by the start-up’s fundraising plan announced a day earlier, despite Rivian delivering positive Q3 numbers earlier this week, with EV production up 17% and deliveries up 23% from Q2.
In tandem with the notes a…
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Anonymous
Very good overview of the weekly steel market.
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