Joby Aviation has successfully completed a public offering of 46 million shares of common stock, including the full exercise of underwriters' option for 6 million additional shares. The offering was priced at $5.05 per share, with shares delivered against payment on October 28, 2024.The company expects to generate net proceeds of approximately $221.8 million after deducting underwriting discounts, commissions, and estimated offering expenses. The offering was conducted through an underwriting agreement with Morgan Stanley & Co. LLC and Allen & Company LLC as representatives.Joby Aviation plans to utilize the net proceeds, combined with existing cash and investments, to fund certification and manufacturing efforts, prepare for commercial operations, and support general working capital needs. The offering was made pursuant to the company's automatically effective shelf registration statement filed with the SEC on October 24, 2024.

Joby Aviation has successfully completed a public offering of 46 million shares of common stock, including the full exercise of underwriters' option for 6 million additional shares. The offering was priced at $5.05 per share, with shares delivered against payment on October 28, 2024.The company expects to generate net proceeds of approximately $221.8 million after deducting underwriting discounts, commissions, and estimated offering expenses. The offering was conducted through an underwriting agreement with Morgan Stanley & Co. LLC and Allen & Company LLC as representatives.Joby Aviation plans to utilize the net proceeds, combined with existing cash and investments, to fund certification and manufacturing efforts, prepare for commercial operations, and support general working capital needs. The offering was made pursuant to the company's automatically effective shelf registration statement filed with the SEC on October 24, 2024.