Following its second quarter of gross profit in Q1, Rivian (RIVN) received a $1B equity investment from Volkswagen (VWAGY) at an effective price of $19.42 which represents a 33% premium to the $14.56 30-trading day volume-weighted average stock price. The investment is part of the $5.8B agreement associated with the Rivian and Volkswagen Group technology joint venture.
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