RIVN is trading 4.4% down at $15.77 after announcing a $1.5 billion underwritten public offering of 75 million new shares, which has triggered significant dilution concerns.
- The equity raise is weighing on investor sentiment, extending Tuesday’s sharp post-offering selloff into the July 08, 2026 pre-market session.
- The negative reaction persists despite Rivian’s preliminary Q2 update showing 20%+ revenue growth and a stronger cash position.