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Zenger
Zenger
Business
Adam Eckert

Jim Cramer Voices Concerns Over Rivian’s $1.5 Billion Offering

People look at Rivian electric trucks at the auto maker's newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Jim Cramer expressed concern about Rivian's stock. (SPENCER PLATT/GETTY IMAGES)

Jim Cramer expressed concerns about Rivian Automotive Inc (NASDAQ: RIVN) after the EV company announced a new $1.5 billion offering. 

Rivian on Thursday said it intends to offer an aggregate of $1.5 billion of green convertible senior notes in a private offering to institutional buyers. The company plans to use net proceeds to invest in current and future projects.

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