Summary by Futu AI
Joby Aviation, Inc. (Joby), a company focused on developing an all-electric vertical take-off and landing (eVTOL) aircraft, has announced a public offering of 40,000,000 shares of its common stock. The shares are par value $0.0001 per share and listed on the New York Stock Exchange under the symbol 'JOBY.' The offering price is set at $5.05 per share. The last reported sale price of Joby's common stock was $6.24 per share as of October 23, 2024. The offering is being made through a prospectus supplement filed pursuant to Rule 424(b)(5) under the Securities Act, with Morgan Stanley and Allen & Company LLC acting as the underwriters. The underwriters have been granted an option to purchase up to an additional 6,000,000 shares. The offering is expected...Show More