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

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 to close on October 28, 2024. Joby intends to use the proceeds from the offering for working capital and general corporate purposes, which may include supporting certification efforts and commercial production of its electric air taxi. The announcement also includes details about the risks involved in investing in Joby's common stock, as outlined in the 'Risk Factors' section beginning on page S-6 of the prospectus supplement.