This is from Q1 2025 shareholder newsletter. Some questions:
-How does Volkswagen buying Rivian stock increase available cash on hand?
-Would you expect stock price to go down between May 15 to June 27 so Volkswagen gets a better deal on the purchase?
-What impact to stock price would you anticipate when they buy at 33% premium?
Volkswagen Group is expected to invest $1 billion in Rivian at a 33% premium to our stock price based on volume-weighted average stock price from May 15, 2025 to June 27th, 2025. The investment is expected to be funded on June 30, 2025