Jim Cramer Shows Dislike for the Discounted Capital Raise From Rivian

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Summary · why it matters

Jim Cramer expressed dislike for Rivian's discounted capital raise, calling it a worrisome sign for the bull market. Rivian raised $1.2 billion by selling 75 million shares at $15.50, down from $20. Cramer noted the deal worked but was priced very low, describing it as a deep-in-the-hole deal that is not encouraging.

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