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Form 8-K · Current Report · Filed 2024-12-10

Joby Aviation Announces $300M Equity Distribution Agreement

On December 10, 2024, Joby Aviation, Inc. entered into an Equity Distribution Agreement with Morgan Stanley & Co. LLC and Allen & Company LLC, allowing the company to offer and sell up to $300 million of its common stock through an effective shelf registration statement on Form S-3, filed with the SEC on October 24, 2024.

Filer
Joby Aviation Inc. JOBY · NYSE
Filed
Accession
0001819848-24-000500
CIK
0001819848
Signal
Medium impactIndustrials

Items reported

Item 8.01

Other Events

Share Repurchase Program Announced
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$8.53

Next session

-6.9%

Since filing

-16.2%

Latest close

$7.15

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from JOBY reporting the same item, with the next session's move:

Exhibits (2)

About Joby Aviation Inc.

Joby Aviation Inc. is a pioneering aviation company focused on developing advanced air mobility solutions. Its primary mission is to create electric vertical takeoff and landing (eVTOL) aircraft designed to transform urban transportation. By leveraging cutting-edge technology and sustainable practices, Joby aims to offer a new mode of travel that significantly reduces urban congestion and carbon emissions. This innovative approach holds the potential to revolutionize the transportation industry by providing efficient, eco-friendly urban air taxi services. Joby Aviation has made significant strides in electric aviation technology, impacting sectors such as aerospace, transportation, and renewable energy. The company's eVTOL aircraft are engineered for safety, performance, and reliability, targeting both commercial and commuter markets. As part of the rapidly evolving air mobility sector, Joby is gaining attention for its potential to redefine how passengers transit within cities, marking a significant advancement toward reducing ground-based traffic. With backing from notable investors and partnerships with key industry players, Joby Aviation plays a critical role in the quest for sustainable and innovative transportation solutions, influencing future mobility trends.

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