Rivian Offers 75 Million Shares to Meet US Energy Loan Terms Rivian Automotive Inc.
's financial struggles have taken another turn, with the company set to sell a staggering 75 million shares as part of a deal to refinance its upcoming debt.
This development comes courtesy of a US Department of Energy loan, which has raised more questions than answers about the viability of Rivian's business model and the true cost of transitioning to an electric future.