Joby Aviation has entered into an Equity Distribution Agreement with Morgan Stanley & Co. LLC and Allen & Company LLC on December 10, 2024, establishing an at-the-market offering program to sell up to $300 million of its common stock. The offering will be conducted through a shelf registration statement filed with the SEC on October 24, 2024.Under the agreement terms, the Managers will receive a 3.0% commission on gross sales proceeds and will sell shares through methods permitted by law as "at the market offering." The timing, price, and volume of sales will be determined by Joby Aviation's instructions, with the Managers using commercially reasonable efforts to execute transactions according to specified parameters.

Joby Aviation has entered into an Equity Distribution Agreement with Morgan Stanley & Co. LLC and Allen & Company LLC on December 10, 2024, establishing an at-the-market offering program to sell up to $300 million of its common stock. The offering will be conducted through a shelf registration statement filed with the SEC on October 24, 2024.Under the agreement terms, the Managers will receive a 3.0% commission on gross sales proceeds and will sell shares through methods permitted by law as "at the market offering." The timing, price, and volume of sales will be determined by Joby Aviation's instructions, with the Managers using commercially reasonable efforts to execute transactions according to specified parameters.