Rivian Automotive, Inc. Loss Submission Form

Company: Rivian Automotive, Inc.

Ticker: (NASDAQ) RIVN

Deadline

Passed

Lead Plaintiff Deadline: May 06, 2022

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Allegations

Documents issued in connection with the initial public offering contained representations that were materially inaccurate, misleading, and/or incomplete because they failed to disclose, among other things, that the R1T electric pickup truck and R1S electric SUV were underpriced to such a degree that Rivian would have to raise prices shortly after the IPO and that these price increases would tarnish Rivian’s reputation as a trustworthy and transparent company and would put a significant number of the existing backlog of 55,400 preorders, along with future preorders, in jeopardy of cancellation.