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

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 Georgia, a company spokesperson told Reuters on Wednesday. It is the second time in less than a year that...

Source: yahoo.com
EV maker Rivian shares tumble after launch of $1.5 bln convertible bond offering - Vimarsana News

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

Shares of Rivian Automotive Inc fell by more than 20% on Thursday, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine,...

Rocky start on Wall Street for Kellanova and WK Kellogg Co after separation - Vimarsana News

Rocky start on Wall Street for Kellanova and WK Kellogg Co after separation

By Chibuike Oguh and Granth Vanaik NEW YORK (Reuters) - Shares of Kellanova fell more than 7% on Monday after the packaged food giant, previously know...

Kellanova, WK Kellogg shares slump on first day after spinoff - Vimarsana News

Kellanova, WK Kellogg shares slump on first day after spinoff

Shares of Kellanova fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its North American cereal business into a new standalone...

Kellanova, WK Kellogg shares slump on first day after spinoff - Vimarsana News

Kellanova, WK Kellogg shares slump on first day after spinoff

By Chibuike Oguh and Granth Vanaik NEW YORK (Reuters) - Shares of Kellanova fell more than 7% on Monday after the packaged food giant, previously know...

Source: wsau.com