Rivian Automotive Files 8-K on Material Agreement

TL;DR

Rivian signed a new deal creating a financial obligation. Details in 8-K.

AI Summary

Rivian Automotive, Inc. filed an 8-K on November 12, 2024, reporting the entry into a material definitive agreement and the creation of a direct financial obligation. The filing details are related to the company's operations and financial commitments.

Why It Matters

This filing indicates Rivian has entered into a significant agreement that creates a financial obligation, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into new material agreements and financial obligations can introduce new risks or alter existing ones for a company.

Key Players & Entities

• Rivian Automotive, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• November 12, 2024 (date) — Date of Report

FAQ

From the Filing

0001193125-24-256108.txt : 20241112 0001193125-24-256108.hdr.sgml : 20241112 20241112172953 ACCESSION NUMBER: 0001193125-24-256108 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20241112 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: Financial Statements and Exhibits FILED AS OF DATE: 20241112 DATE AS OF CHANGE: 20241112 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: 241450069 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 d812333d8k.htm 8-K 8-K Rivian Automotive, Inc. / DE false 0001874178 0001874178 2024-11-12 2024-11-12     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 November 12, 2024 Date of Report (date of earliest event reported)     Rivian Automotive, Inc. (Exact name of registrant as specified in its charter)       Delaware   001-41042   47-3544981 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification Number) 14600 Myford Road Irvine , California 92606 (Address of principal executive offices) (Zip code) (888) 748-4261 (Registrant’s telephone number, including 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 Symbol   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 a Material Definitive Agreement. Transaction Agreement On November 12, 2024, Rivian Automotive, Inc., a Delaware corporation (the “Company”), entered into a transaction agreement (the “Transaction Agreement”) with Volkswagen International America, Inc. (“VW”) and Volkswagen AG (“VW AG” and together with its affiliates the “Volkswagen Group”), providing for the creation of a joint venture, Rivian an