On May 4, 2026, Rivian Automotive, Inc. closed the transaction. The company issued 19,553,911 shares of its Class A common stock at an issue price of $15.3422 per share for gross proceeds of $300,000,013.3442. The foregoing shares of Class A common stock were issued pursuant to an exemption from registration for transactions by an issuer not involving a public offering under Section 4(a)(2) of the Securities Act of 1933, as amended.