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Rivian entered into a Subscription Agreement with SMB Holding Corporation for up to $1.25 billion investment tied to autonomy milestones, including an initial $300 million issuance of common stock or pre-funded warrants, and related Master Framework and Vehicle Production Agreements with Uber for collaboration on deploying up to 50,000 R2 robotaxis exclusively on Uber's platform starting 2028. The company no longer expects adjusted EBITDA positivity in 2027 due to accelerated R&D spending.
Event Type
Disclosure
Mandatory
Variant
8-K
Entry into a Material Definitive Agreement. Subscription Agreement On March 18, 2026 (the “Effective Date”), Rivian Automotive, Inc., a Delaware corporation (th
. The Company will issue the securities to SMB in reliance on the exemption from registration provided for under Section 4(a)(2) of the Securities Act of 1933,
of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Ac
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 4.1 Form of Pre-Funded Warrant 10.1^† Subscription Agreement, dated as of March 18, 202
Material Agreement