Volkswagen (VWAGY) acquired 62,889,522 shares of Rivian (RIVN) issued by Rivian on April 30 in a private placement pursuant to the terms of the Investment Agreement, dated as of November 13, 2024, as amended on April 17, 2025, by and among Rivian Automotive, Inc., Volkswagen AG and Volkswagen International America Inc. Volkswagen US-Holding, formerly known as Volkswagen International America Inc., which is a wholly-owned subsidiary of Volkswagen AG, both may be deemed the beneficial owner of 209,769,645 shares of Class A common stock, representing 15.9% of the Class shares, as reported in a regulatory filing.
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