Rivian Automotive, Inc. Announces Pricing of Underwritten Public Offering of Common Stock

About this update from Rivian Automotive, Inc.

IRVINE, Calif., July 08, 2026 --( BUSINESS WIRE )--Rivian Automotive, Inc. (Nasdaq: RIVN) ("Rivian") today announced the pricing of its previously announced underwritten public offering of 75,000,000 shares of its common stock at a public offering price of $15.50 per share, for total gross proceeds of approximately $1.2 billion, before deducting underwriting discounts and commissions and offering expenses payable by Rivian. In connection with the offering, Rivian has granted the underwriters a 30-day option to purchase up to an additional 11,250,000 shares of its common stock, at the public offering price, less underwriting discounts and commissions. All of the shares to be sold in the offering are to be sold by Rivian. The closing of the offering is expected to occur on July 9, 2026, subject to customary closing conditions. Rivian intends to use the net proceeds from the offering for general corporate purposes, including funding of certain equity contributions pursuant to that certain Amended and Restated Loan Arrangement and Reimbursement and Sponsor Support Agreement with the U.S. Department of Energy (the "DOE Loan"). Goldman Sachs & Co., LLC, Allen & Company LLC, Barclays Capital Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc. are acting as additional bookrunners. BofA Securities and BTIG, LLC are acting as co-managers. Academy Securities, Inc., Mischler Financial Group, Inc. and Siebert Williams Shank & Co., LLC are acting as junior co-managers for the offering. The offering is being made pursuant to a shelf registration statement on Form S-3 that became automatically effective upon filing with the Securities and Exchange Commission (the "SEC") on April 30, 2026. The offering is being made only by means of a prospectus supplement and an accompanying prospectus. When available, copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov . Alternatively, copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: (866) 471-2526 or via email: [email protected] ; Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, 9th floor, New York, New York 10022, by telephone at (212) 339-2220, or by email at [email protected] ; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, [email protected] , (888) 603-5847; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at [email protected] and [email protected] ; Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department; or by email at [email protected] ; and Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to [email protected] .

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