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EV maker Rivian shares tumble after launch of $1.5 billion convertible bond offering

NEW YORK (Reuters) -Shares of Rivian Automotive Inc fell by more than 20% on Thursday, and were on course for their biggest daily percentage decline since May last year, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine, California-based Rivian expects the bonds, which will mature in October 2030 and can be converted to either cash or its shares, will help it to "de-risk" the launch of its R2 sports utility vehicle in Georgi...
United States New York Robert Scaringe Chibuike Oguh Lance Tupper Alexandra Hudson
Source: yahoo.com

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