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The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.
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A five-store operator's Chapter 11 filing shows the pressure building beneath some franchise growth stories.
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Qatari and Saudi ships among targets near Oman coast
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Rivian's stock is down 13% as Wall Street frets about the EV maker's cash troubles.
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A U.S. official said Iranian missiles struck two commercial ships. There was no immediate comment from Iranian officials on the reported attacks.
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Oil futures climbed late Tuesday after the Treasury Department canceled a license granted on June 21 to allow for the sale of Iranian oil.
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