Rivian Automotive (RIVN) call put ratio 1.9 calls to 1 put into files to sell $1.3B of green convertible senior notes due 2029

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Go back to Rivian Automotive (RIVN) call put ratio 1.9 calls to 1 put into files to sell $1.3B of green convertible senior notes due 2029

Rivian (RIVN) shares drop on planned convertible bond offering

March 7, 2023 7:35 AM EST

Rivians (NASDAQ: RIVN) stock fell as much as 8% to $15.75 in late trading on Monday after the electric vehicle maker announced that it is seeking to raise $1.3 billion through the sale of green convertible bonds due in 2029. Rivian plans to sell bonds weakening demand and lofty costs tighten a cash crunch around... More