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Rivian Stock Drops After the EV Start-Up Announced Plans to Raise $1.3 Billion

Por: MarketWatch Business March 07, 2023

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Convertible notes offer investors the security and interest payments of bonds while also giving them some upside in the performance of a company’s stock. Purchasing a convertible note is like buying debt and a stock option all at once. The green portion of the offering refers to debt issues that will eventually fund environmentally responsible projects. Rivian, as an EV maker, qualifies. The green designation essentially opens up more... + full article



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