Ford to sell 8M Rivian shares after $3.1B net loss
Teslarati
MAY 8, 2022
The lockup period refers to when early investors cannot sell their shares after a company’s IPO. The EV manufacturer also stated that the ongoing Russian invasion of Ukraine has impacted its business and operations. Ford plans to sell 8 million of its Rivian shares. The lockup period for Rivian’s IPO will expire on Sunday, May 8.
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