Rivian Files 8-K: Agreements, Obligations, and Equity Sales

Ticker: RIVN · Form: 8-K · Filed: 2024-06-25T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation, equity-sale

Related Tickers: RIVN

TL;DR

Rivian 8-K: New deals, debt, and stock sales filed today.

AI Summary

On June 25, 2024, Rivian Automotive, Inc. filed an 8-K report detailing several key events. The company entered into a material definitive agreement, created a direct financial obligation, and reported unregistered sales of equity securities. The filing also includes other events and financial statements/exhibits.

Why It Matters

This filing indicates significant financial and contractual activities for Rivian, including potential new debt or equity arrangements and sales of stock, which could impact its financial structure and shareholder value.

Risk Assessment

Risk Level: medium — The filing mentions material definitive agreements, direct financial obligations, and unregistered sales of equity, which can introduce financial risks and uncertainties.

Key Players & Entities

FAQ

What type of material definitive agreement did Rivian enter into?

The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on or before June 25, 2024.

What is the nature of the direct financial obligation or off-balance sheet arrangement?

The filing states that Rivian created a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details are not provided in this summary.

When were the unregistered sales of equity securities made?

The filing indicates that unregistered sales of equity securities occurred, but the specific date or period of these sales is not detailed in the provided text.

What are the key items reported under 'Other Events'?

The filing lists 'Other Events' as a category, but the specific events are not enumerated in the provided text.

Where is Rivian Automotive, Inc. incorporated?

Rivian Automotive, Inc. is incorporated in Delaware.

From the Filing

0001193125-24-167944.txt : 20240625 0001193125-24-167944.hdr.sgml : 20240625 20240625170359 ACCESSION NUMBER: 0001193125-24-167944 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240625 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240625 DATE AS OF CHANGE: 20240625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Rivian Automotive, Inc. / DE CENTRAL INDEX KEY: 0001874178 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41042 FILM NUMBER: 241069778 BUSINESS ADDRESS: STREET 1: 14600 MYFORD ROAD CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: (888) 748-4261 MAIL ADDRESS: STREET 1: 14600 MYFORD ROAD CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 d833726d8k.htm 8-K 8-K Rivian Automotive, Inc. / DE false 0001874178 0001874178 2024-06-25 2024-06-25     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 25, 2024     Rivian Automotive, Inc. (Exact name of registrant as specified in its charter)       Delaware   001-41042   47-3544981 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.) 14600 Myford Road Irvine , California 92606 (Address of principal executive offices) (Zip Code) (888) 748-4261 (Registrant’s telephone number, include area code) N/A (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbols   Name of each exchange on which registered Class A Common Stock, $0.001 par value per share   RIVN   The Nasdaq Stock Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry Into or Amendment of a Material Definitive Agreement. Convertible Promissory Note Purchase Agreement, Convertible Note On June 25, 2024 (the “Effective Date”), Rivian Automotive, Inc., a Delaware corporation (the “Company”), entered into a convertible promissory note purchase agreement (the “Note Purchase Agreement”) by and between the Company, as issuer,

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