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11 sats \ 3 replies \ @Stacksats 5 Oct 2023 \ on: Rivian stock getting destroyed today. Woaaaah. (issuing convertible debt notes) tech

Essentially taking on more debt, while also diluting the share price in the future.

What could go wrong. :/

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10 sats \ 1 reply \ @satoshi_in_the_classroom OP 5 Oct 2023

I think they are convertible in 2030?

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5 sats \ 0 replies \ @Stacksats 5 Oct 2023

Yeah. It's not that surprising though.

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60 sats \ 0 replies \ @SatoshisSkeleton 5 Oct 2023

They're just raising more capital to expand their charging locations. It's normal

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